Liverpool's co-owner Tom Hicks has moved to strengthen his position at Anfield by putting part of his shares in the Major League Baseball team Texas Rangers up for sale.

The Texan recently reiterated his desire to remain at Liverpool, which he has owned alongside fellow American George Gillett since February 2007, but is struggling to meet the financial requirements of doing so, particularly as Gillett is reluctant to put any more money into the club and would rather sell up.

Hicks would ideally like to buy Gillett's 50% share and his announcement today that he is willing to give up some of his stake in the Rangers is believed to be geared towards seizing full control at Liverpool.

"I've been quietly looking for minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy," said Hicks, who also owns NHL side Dallas. "I'm doing the same thing with the Stars. At the end of the day, I'll still have 51-to-60% of the ball club and have new partners. That doesn't change anything. I own 95% of the Rangers. I started out owning 55% and over the past 10 years I've been slowly buying out partners that wanted to sell. There's no reason to own 95%. There aren't many owners who own 95%."