4
| News |

There's No Anarchy in the U.K. For Tom Hicks, Who's Not Defaulting on This Loan

^
Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

Never did get an official response from The LeMaster Group concerning last week's news that Tom Hicks and George Gillett's Liverpool FC lost a ton o' debt-service dough despite making a pile of cash at the turnstile. Oh, well -- the Guardian fills us in on the latest breaking news from the U.K., where, it seems the owner (for now) of Your Texas Rangers is all set to refinance a £350 million loan with the Royal Bank of Scotland and Wachovia that's due by the end of July.

For months, Liverpool supporters have been hoping the crushing debt and interest payments would result in Hicks and Gillett selling the club; the Spirit of Shankly, the Liverpool supporters union, only yesterday announced that it's "currently looking at different methods of appropriate action that can be taken, against Tom Hicks, George Gillett, or those involved in the financing of their ownership of Liverpool Football Club," whatever that means. But the Guardian reports that Hicks will pony up a little extra penalty scratch in addition to those same ol' above-market-rate interest payments, and that he's all good with that -- "very relaxed," whatever that means. Still, though, no new 60,000-seat stadium any time soon (or ever), which must really bum out Dallas-based HKS Architects.

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

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.

 

Join the Observer community and help support independent local journalism in Dallas.

 

Join the Observer community and help support independent local journalism in Dallas.