Then again, Tom Hicks could always go rogue.
Then again, Tom Hicks could always go rogue.

First, the Fans Wanted Tom Hicks Out of Liverpool. Now, Apparently, It's the Banks.

Yesterday, Tom Hicks's PR peoples sent word that, yes, he and Liverpool FC partner George Gillett were indeed evaluating "the possibility of new investors injecting equity into LFC," but that no deal was on the table despite reports that Gillett was close to inking a deal to sell to a Saudi prince. Now we know why they're scouting for investors: The English papers are reporting that Royal Bank of Scotland and Wachovia, with whom the twosome restructured their crushing debt in July, are pressuring Hicks and Gillett to find a partner or part with the club because the deal was contingent upon them infusing the club with dough-re-mi neither one seem to have.

And, yes, Hicks may have promised Liverpool all was well and that, look, Dallas-based HKS will get 'round to building that new stadium sooner than later. But, reports The Times, "Rather than cementing their position as owners, the deal [with the banks] was designed to allow Hicks and Gillett more time to sell the club. It is understood both banks are reluctant to extend the loans again unless the club reduce their debt before next summer." Here, Mr. Hicks, let me put some Ice Girls on that.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

Newsletters

All-access pass to the top stories, events and offers around town.

  • Top Stories
    Send:

Newsletters

All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >