"This club is my passion and forms a huge part of my life," said current chairman, David Moores. "After much careful consideration, I have agreed to sell my shares to assist n securing the investment needed for the new stadium and for the playing squad.
"I urge all my fellow shareholders to do the same and to support the offer. By doing so, I believe you will be backing the successful future of Liverpool.
"I am also delighted to accept the offer from the Hicks and Gillett families to continue my involvement in the club by becoming honorary life president."
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