The website's source for this piece of information comes from the BBC Sport page, who reports that Gillett and his family have received threatening phone calls in the middle of the night and that his relationship with Hicks has not been working for quite some time.
Supposedly Hicks aims to take sole control over the team and investment group Dubai International Capital are also interested in investing.
Gillett spoke to Canadian radio station Fan590 and described the decision to sell his share of the club to Hicks as "an untenable alternative".
He said:
"We were very fair. We gave our partner a long period of time to try to make arrangements to buy us out.
"We didn't put pressure on him but he ultimately did not get to the finish line.
"In the meantime, because of the things he said, the fans' reaction has been so negative towards him - and towards us if we sold to him - that has now made that an untenable alternative for us.
"When your public persona is more important than the facts, it's tough to have a rational relationship."
To read the full interview click here
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