This content has been archived. It may no longer be relevant

Liverpool owners Tom Hicks and George Gillett have confirmed their intention to sell the debt-ridden Premier League club by appointing a new chairman.

British Airways boss Martin Broughton has been handed the task of overseeing the sale of the Anfield outfit.

Americans Hicks and Gillett say there has been “numerous expressions of interest” and have asked Barclays Capital to advise them on the sale.

Read more after the jump.

Source: BBC Football

The club also insisted the move had the “full support of its existing bankers”.

In a statement, Hicks and Gillett said: “Owning Liverpool Football Club over these past three years has been a rewarding and exciting experience for us and our families.

“Having grown the club this far we have now decided together to look to sell the club to owners committed to take the club through its next level of growth and development.

“We are delighted that Martin Broughton has agreed to take the position of chairman, working alongside the club’s excellent senior management team.

“Martin is a distinguished business leader of excellent judgment and with a great reputation. He is a genuine football supporter and will seek to oversee the sales process in the best interests of the club and its supporters.”

Broughton added: “I am excited and honoured to be taking up this position. Liverpool is a great club with a fantastic history.

“I will run this sale process in the right way, for the benefit of the club and its fans.

“Liverpool is one of the world’s greatest clubs and my aim is to try and ensure that we find new owners who are able to build on the club’s recent improved financial performance in order to help deliver sporting success.”

The debt resulting from the 2007 takeover by Hicks and Gillett stands at £237m.