Gillet makes profit in sale

We understand that Liverpool Co-owner George Gillet has made a profit of 300m$ by selling his Ice hockey team Montreal Canadiens for 575m$.

Gillet had bought the ice-hockey team and the Bell Centre Arena for 275m$ back in 2001.

The ice hockey team is sold to the representatives of the Molson Brewing family.

Whether the money from the sale will work in Liverpool's benefit is a question left to be answered - however Gillet and Hicks are looking for a third party investors to break the 50-50 partnership with the board and repay some of the clubs £230m debt.

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