Gillett admits American dollar hurting Liverpool

Liverpool co-owner George Gillett admits the weak American dollar has contributed to the club's ownership issues.

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"We've invested internationally with Liverpool and with Montreal in Canada, and it's had a very positive effect on both of them from the standpoint of strengthening the value," Gillett said at the IMG World Congress of Sports in America last night.

"On the other hand, it's made it more difficult in terms of investing in those businesses because the dollar is really tremendously weak compared to where we started. It just costs us more to send money to those franchises, those businesses."

Gillett also owns the Montreal Canadians hockey franchise and is the majority stakeholder of the Gillett Evernham Motorsports NASCAR team.

He added: "I'm really enjoying all three [teams], but for different reasons. In Liverpool, it's a long distance away and there's been a fair amount of controversy over there. In spite of that, the boys are playing very well and I'm proud of them."

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