“It’s never been my primary business,” he said in an interview with US newspaper The Dallas Morning News. “And it's a business I no longer want to pay the price to be in.”
He said owning a sports team involved a “brutal invasion of privacy”.
Hicks expects to lose “a couple hundred million” dollars on the sales of Major League Baseball team the Texas Rangers and NHL team the Dallas Stars, but to make the money back when selling Liverpool.
The BBC reports that former Liverpool owner David Moores has written to UK newspaper The Times calling on Hicks and co-owner George Gillett to sell up. Moores said he “hugely regrets” selling Liverpool to the pair.
