Liverpool MD hopeful of club sale

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Liverpool managing director Christian Purslow remains hopeful the club can be sold sooner rather than later with a number of interested parties currently looking at the club's accounts.

Purslow dismissed fears they will go bust should the current ownership issues not be successfully resolved and warned co-owner Tom Hicks he will not be allowed to refinance his debts using the Reds' assets as security.

"There are a small number of potentially-interested parties working seriously and privately, doing due diligence, looking at the business in detail from a financial and legal standpoint," said Purslow.

"My hope is that one of those steps forward with a proposal to buy the club which is attractive to the board and which would be good for the club.

"Do I know whether any of those parties are going to get over the finishing line? No. Can I make someone write a cheque? No. The single, most important, aspect of the possible sale of the club is to make sure that if we're going to sell the club we get the sale right. The only thing worse than no sale is the wrong sale.

"I will not make the mistake of sanctioning any transaction that puts the club in a worse position. I know the questions to ask."

Purslow has also insisted any money made from the sale of players - in August Liverpool made another profit for the fourth successive transfer window - would be reinvested in the squad.

Manager Roy Hodgson admitted earlier this month he did not know whether anything left from the proceeds of Javier Mascherano's £22million move to Barcelona would be available come January.

Purslow confirmed it would, telling LFC TV: "Every single penny we generate from selling footballers goes back into buying footballers. I wouldn't have it any other way and I wouldn't have taken the job to oversee selling footballers to pay banks or owners money.

"We never have in my time here and we never will as long as I am here. If Roy continues to see a new striker as a priority then that's what he'll work on doing in January with the total support of the club and with every penny we have available."

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