Liverpool FC Sold Out

The official site of Liverpool announced that the owners of English Premier League and billionaire of the America are ready to sell the Liverpool FC club in an official announcement.

The duo, who bought the club for $338 million in 2007, confirmed that Barclays Capital will advise on the sale process after "numerous expressions of interest from third parties."

Liverpool also announced the boss of British Airways, Martin Broughton, has been appointed as chairman to oversee the sale.

Hicks and Gillett's statement read: "Owning Liverpool ... over these past three years has been a rewarding and exciting experience for us and our families.