Monday, May 20, 2019
NHL

Liverpool co-owner George Gillett has denied claims he will be to market NHL franchise

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The Liverpool co-owner George Gillett is reportedly considering selling the Montreal Canadiens NHL franchise that has admitted to undergoing “a extremely tough economic period”, according to a tale by way of the Montreal-based newspaper La Presse.

The claim was always likely to reopen speculation about Gillett’s long-term persistence for Liverpool, that he or she co-owns with fellow American Tom Hicks.

According towards newspaper report, Gillett has contacted financial advisers to look at stock of his assets, which is considering many methods from a restructuring of his interests to the sell-off.

“The process have been started but we’re only at the beginning,” said the Canadiens team president Pierre Boivin. “We’re not hiding it; we’re going through an incredibly difficult economic period.

“We could be preaching about capitalisation, financial restructuring, new investors or – to put it bluntly – the sale on the enterprises.”

Gillett hasn’t commented on this latest speculation but instruction online December in 2009 he did pour scorn on reports he was able to sell the franchise. “The Montreal Canadiens has never been on the market,” he said then. “We haven’t prepared documents, materials. [I have] never authorised anyone, never prepared materials therefore.

“I’m angry i must keep denying [that the franchise is good for sale].”

Gillett, online resources 80.1 % of the NHL side, added: “We have received many inquiries throughout the years regarding any sale [of the Canadiens]. We have never entertained any of them.”

Gillett and Hicks bought Liverpool in February 2007 with ambitious promises to build a new stadium. Ever since, the financial lending crunch has placed the stadium on hold, although two owners engaged in quite a public spat before recently claiming their relationship has become repaired.

Last week, Hicks reiterated his commitment to Liverpool in the future, insisting his share in the group seriously isn’t on the market, but little has been have been told by Gillett.

Gillett also owns the Canadiens’ home arena, the Bell Centre, and a Nascar team. In accordance with the most current rankings during the American business magazine Forbes, the Canadiens franchise is valued at $334m (230m).

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