Tom Hicks, the former owner of Liverpool FC, has died aged 79 in Texas. A spokesperson confirmed that Hicks passed away peacefully in Dallas on Saturday, surrounded by his family. The philanthropist acquired a 50 per cent stake in Liverpool in 2007, with fellow businessman George Gillett buying the other 50 per cent.

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Hicks passed away on Saturday in Dallas, surrounded by his family, according to a statement from Hicks Holdings LLC, shared on the Liverpool FC website on Sunday.

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Tom Hicks, who owned an English Premier League football club and two Dallas-based professional sports teams, has died aged 79.