Reds confirm Parry will leave

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Liverpool have confirmed chief executive Rick Parry will leave his position at the end of the season.

Parry's position has become increasingly unstable in the last few months as a result of boardroom divides between American co-owners George Gillett and Tom Hicks.

A statement from Hicks on the club's website read: "Rick's commitment to Liverpool Football Club is epitomised by his desire to ensure that this transitional period is managed efficiently and we are grateful to him for his help. He will always remain a friend of the football club."

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