Parry Moves To Allay Liverpool Fans Takeover Fears

Liverpool chief executive Rick Parry has moved to appease fans concerned by some comments made by new joint-owner George Gillett.

Gillett, who has bought the club with fellow American tycoon Tom Hicks, called the Merseysiders a "franchise" and "Liverpool Reds".

"George maybe made that mistake a couple of times," Parry said. "If I went over there I might make the odd linguistic mistake."

Parry also insisted the American takeover of the club was essential for the club to compete for honours.

"It's been well known for three years we have been seeking investment. Without it we would not be able to build a new stadium or be competitive. Above all, what our supporters want is silverware and investment is vital to take that next step. The message is clear that this is the path to success. I don't know if it's about being the biggest. It's about being the best and winning silverware. I believe we can do that."

Gillett and Hicks have bought the club outright with no borrowing secured against the club.

They have already stated their desire to start quickly on the building of a new stadium and funds are expected to be made for Rafael Benitez to strengthen the team during the summer.

Gillett was rebuffed in his initial attempts to buy the Anfield outfit but Parry says the arrival of Hicks as a backer to support the deal was the key to the duo getting the green light.

Parry said: "The masterstroke George pulled off was to bring in Tom Hicks as his partner which had the effect of transforming his proposal, making it much stronger and much more compelling."