Liverpool FC up for sale under Broughton

BRITISH Airways’ head Martin Broughton has been appointed as the new chairman at Liverpool FC, as the club's owners confirmed that it is up for sale.

He will help owners Tom Hicks and George Gillett find buyers for the club at the right price.

Meanwhile Barclays Capital has been retained by the Americans to lead the search for a buyer for the club.

Liverpool FC said in a statement: "Liverpool Football Club today announced that Martin Broughton has been appointed as Chairman with immediate effect.

"The new Chairman will oversee a formal sale process launched by current owners, Thomas Hicks and George Gillett Jr.

"Following numerous expressions of interest from third parties, the Club has engaged Barclays Capital to advise on the sale process.

"The Club has the full support of its existing bankers for this process and has financing in place which will fully support the Club's operations."