Hicks ready to sell Liverpool stake

Hicks purchased the club along with co-owner George Gillett for £219million in February 2007 and has recently denied that he is looking to sell his stake.

Reports claim Hicks has instructed financial firm Merrill Lynch to sell his stake before talks with RBS in July to discuss the £350million refinancing deal on the club.

Hicks has previously turned down the opportunities he has had to sell his stake in Liverpool.