Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Hicks makes last ditch attempt to keep Liverpool FC

Fri 17th Sep 2010 | Clubs Ownership

Tom Hicks has reportedly held last-ditch discussions in an attempt to stay in control of Liverpool.

According to the Guardian it’s reported that Hicks arrived in Liverpool on Wednesday, and has been in negotiations with a number of parties about, the refinancing the loans he and George Gillett took to purchase the club in 2007.

Liverpool’s American owners Hicks and Gillett could lose control of the club in October to the Royal Bank of Scotland, as their deadline to refinance the loans approaches.

According to the club's latest accounts, the Americans owe 'at least' £237.4million.

However, The Guardian reports that the club would face 'further damaging interest payments' should Hicks be successful, and that he would require approval from the rest of the Liverpool board. Chairman Martin Broughton, chief executive Christian Purslow and commercial director Ian Ayre have all 'opposed his attempts to remain at the helm'.

The paper reports that Hicks entered negotiations alone, with Gillett 'in danger of defaulting on a loan acquired to meet personal guarantees in a previous deal with RBS'.

CLICK HERE TO READ the exclusive interview with Ian Ayre on what makes Liverpool the biggest club in the world

 

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

 

 

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...