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Questions still to be answered over whether new owners can work together.

THE big question for Tom Hicks will now be whether he agrees to support the deal apparently agreed between his partner George Gillett and the DIC group.

The main attraction of the agreement made last night would be the fact it would leave Hicks as the majority shareholder at Anfield, a position he has never enjoyed since his partnership with Gillett is completely 50/50.

It also values the club at considerably more than when the two Americans bought it last February, leaving Hicks the possibility of selling up at a handsome profit later on if necessary.

But he has continually played hard ball as DIC's interest has strengthened and it remains to be seen if he sees them as ideal partners, even if he has the majority holding.

Speaking before last night's deal, Paul Lunt, a litigation partner at Liverpool law firm Brabners who specialises in shareholders' rights, said: "The impasse highlights the unattractiveness of being a minority shareholder.

"Tom Hicks and DIC have been in talks about the future ownership and control of Liverpool, and it seems both are willing to consider the possibility of some future role for the other. But the strict rights of a shareholder holding less than 50% of the shares in a private limited company are generally fairly limited."
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Publication:Daily Post (Liverpool, England)
Date:Mar 8, 2008
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