Monday, 22 June 2009

Reds appoint friend of Dalglsh as new managing director

Liverpool have appointed Christian Purslow, a financier with strong links to Merseyside, as their new managing director reports the Telegraph. “Purslow, an Anfield season-ticket holder, will join the board and take over many of the responsibilities of outgoing chief executive Rick Parry, but will step aside when a full-time replacement for Parry is appointed.” Says the article.

The report goes on to say: “Purslow's priorities will be to renegotiate the £350m loan with RBS due to be repaid at the end of July and to work with manager Rafa Benitez on summer transfer targets. Purslow, whose background is in private equity, speaks fluent Spanish and has already struck a relationship with Benitez. He is understood to have played a role in the negotiations surrounding Fernando Torres's new contract. A friend of club legend Kenny Dalglish, Purslow was recommended to owners Tom Hicks and George Gillett as a potential new board member and has the support of both of them. Crucially this should allow him to bridge the divide that occasionally appears before the American owners.The new managing director is also said to have decent relations with senior staff at RBS including chief executive Stephen Hester, and club sources said the bank welcomed his appointment. Talks with RBS will take place imminently, with the owners prospects of satisfying the bank's demands enhanced by Gillett's impending sale of the Montreal Canadiens. With Hicks yet to raise finance from his for sale US assets, it remains to be seen if this affects the delicate equilibrium between the owners."

Speaking to the official site George Gillett said: "Tom and I felt that it was important to put a highly experienced and respected executive in place to run the Club and support the senior team and the Manager. There's a lot to get done over the summer to build on the great season we just had and Christian will be a valuable addition to the team."

Tom Hicks added: "Christian has been a great supporter of the Club for many years and he's already built up good relationships at Anfield. His strategic and commercial acumen will be a real asset and we're delighted that he has made a long term commitment to the Club."

The official statement from the club reads: "Christian Purslow will assume overall management of the club until the appointment of a new chief executive, and will then continue as a board director.As managing director, Purslow will represent the owners and oversee all financial and operational aspects of the club, working with Rafa Benitez on player transfers and with the club's group chief financial officer, Philip Nash and commercial director, Ian Ayre on club and commercial management."

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