George Gillett has decided to take advantage of the collapse of the negotiations between Dubai International Capital and the Liverpool board, to launch his bid to become the third American to buy an English premier league club. With Randy Lerner at Aston Villa and the Glazers at Manchester United.

The DIC bid was worth £450M in total with only about 150M of that being used for buying out the share holders. The remainder would be spent on new players as Rafa Benitez requires and a new stadium as the capacity of Anfield is limiting the club’s income as they could easily sell 70000 seats for home games.

The Gillett bid is believed to be worth more to the share holders with reports in the media of it being an extra £500 a share; which the board are duty bound to consider as they have to answer to their share holders not the fans. However the source of the revenue for the Americans bid is not as transparent as that of DIC who have the worlds eighth richest man at the helm and a queue of investment banks willing to lend him anything he requires as he has the assets to back it. The sixty-nine year old American on the other hand has already been bankrupt fifteen years ago, but has since risen like a phoenix from the flames and has built his empire with the Montreal Canadiens the jewel in the crown.

There have also been rumours of Tom Hicks supporting the deal, the Texan owns the Texas Rangers, and could provide much needed financial support in the potential $850 000 000 deal.

Should the deal be finalised Liverpool would be the seventh premiership club to be foreign owned including three of the top four. As Chelsea, AstonVilla, Manchester United, West Ham, Fulham and Portsmouth all have foreign ownership. Can it be good for the English game?