It soon became clear that they had very different philosophies on how the club should be run,” Parry said. “One was hands off, the other hands on; one courted publicity, the other didn’t.” Prior to his reign at Booth Creek, Mr. Gillett led a successful team in managing and operating Vail Resorts. Additionally, he has investment, ownership, and management interests in a multitude of other businesses and industries.” In May 2009 Liverpool finished second in the Premier League. Twelve months later they were seventh and Benitez was on his way out of Anfield. In response the bank agreed to one final six month extension of the loan but in return the owners had to agree to the appointment of an independent chairman to sell the club. British Airways chairman Martin Broughton was installed and crucially he had the casting vote on the board.

Liverpool FC Hicks and Gillett: The living nightmare for Liverpool FC

The arrival of billionaire Roman Abramovich at Chelsea in 2003 had changed the landscape of English football. In comparison Moores was a pauper and Liverpool were in danger of being cast adrift from their big-spending rivals. And off it Liverpool was on the brink of financial meltdown amid talk of going into administration and landing a nine-point penalty. The company is based in Colorado and specialises in administration, advertising and marketing for ski resorts.With a Nylon and Polyester mixed design the gilet has a relaxed feel, a comfortable fit that offers a sufficient extra layer that's both agreeable for casual use but also optimal for outdoor ventures in poor weather conditions. My position became untenable,” he said. “The structure we had was dysfunctional and something had to give.” Champions League winner out, Danish league winner in How had it come to this? How did the most successful British football club in history fall so far and so fast? DIC out - and in comes Gillett With the anniversary of the sale approaching we took a look at what the famous American duo are up to now.

Liverpool Echo Hicks and Gillett: Where are they now five - Liverpool Echo

Just how far the club had fallen was underlined by the fact they swapped a Champions League and La Liga winning manager for Roy Hodgson, whose last honour had been the Danish title a decade earlier. The idea that he was a safe pair of hands to guide the club through some tough times was brutally exposed. Moores may have got personal assurances that there would no debt loaded on the club but there was no legal guarantee. However, Benitez and Purslow were soon at war with the manager complaining of being undermined and he was fuming that the cost of new contracts for players was coming out of a dwindling transfer kitty. His sons are quoted in the paper as saying: “Dad’s always going to be working every day until he’s in a better place, Liverpool was now officially for sale and stories emerged about interest from Hong Kong-based investment banker Kenny Huang but no firm offer followed.