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| Yanks Out! |
Liverpool’s hated owners Tom Hicks and George Gillette are in London trying to refinance the £237 million debt they owe to RBS.
The duo allowed the Rhone Group’s £110 million offer for a 40% stake in the club to pass the Monday deadline for acceptance.
“There’s nothing imminent,” said one of them.
Tom Hicks, in particular, was unwilling to accept the deal as he would have made no money on the deal.
Rothchilds and Merryl Lynch are the two banking operations retained by Hicks and Gillette to oversee their futures at Liverpool, futures I hope they do not have.
RBS have repeatedly stated that they want a payment of £100 million before July from the club, before they consider a new refinancing deal.
It has now emerged that RBS may not pursue that £100 million payment.
It appears that Hicks and Gillette want to go it alone without a new investor brought in.
They want the bank to refinance the £237 million existing debt that they put on Liverpool football club when they bought it.
This is simply a delaying tactic by the hated Yanks as they have run out of options and potential investors who are unwilling to pump money into our debt-ridden club without having a proper stake in the club.
Refinaning will cost the club much more in fees and interest payments and will seriously reduce our transfer kitty in the summer.
What did we do to get these two buffoons at our club?
Great to see Man Utd crash out of the Champion’s League tonight!