I've just sent this to them - re-hash of the other template.
This morning, supporters of Liverpool Football Club woke up to the news that Blackstone/GSO have decided not to finance Tom Hicks as he was an extremely high risk. He has approached numerous banks/institutions for this loan and the fact that he has been refused on every single approach says it all really.
I can assure you of a number of facts:
Should Deutsche Bank/ JP Morgan or any other of the financial institutions involved bail out Tom Hicks, you will be taking a heavy risk, even without the hostility of the supporters of the club.
You are no doubt aware that Hicks Sports Group defaulted on a $525m loan last year and the details of the lenders’ outrage at his subsequent manoeuvres concerning land around the Texas Rangers’ stadium. If not, we would be happy to provide you with the details.
Hicks subsequently gave interviews making clear that the default was ‘strategic’ and painting himself as a successful businessman in other fields.
Hicks cannot have it both ways. Either he is a successful businessman – in which case he thinks nothing of reneging on financial agreements if they prove onerous to him – or he did not have the money to repay the loan. In neither case can he be considered a good risk for repayment of a large loan.
No doubt, Hicks has portrayed LFC as a successful vehicle with a growing commercial profile and the ability to repay high interest payments in his approach to you. You should be aware that LFC is in decline, thanks to Hicks’s tenure, and has dropped out of the lucrative Champions League. Its inability to support the interest on the current loans is one factor draining the on-pitch success that ensures off-pitch profit. On Thursday, its ground was 20,000 short of capacity as fans stayed away. It is said that Hicks is seeking to mortgage the loan against the ground and players: if so, you should also be aware that the ground is worth little, being in an extremely depressed area of Liverpool, and the players have made publicly clear their opposition to Hicks’ continuation as owner so that it is likely the best will leave (their ability to pick their own destinations means there can be no guarantee of their achieving their highest worth) should he stay.
It is said that Hicks believes the supporters will accept him as a sole owner. If he has indeed been so deluded as to have informed you of this, I now seek to correct the impression. Hicks and his son are held in contempt by millions of Liverpool supporters worldwide. We are increasingly mobilised and drastic measures, including boycotts, are now being discussed. We are not prepared to see the club we love bled to death.
Has he informed you about Liverpool’s worldwide supporter base? A word of advice: the lukewarm fans will drift away as the debt bleeds the club dry of success, the hardcore fans will boycott and do everything in their power to ensure Hicks is ousted without a penny of profit as quickly as possible.
Don’t believe me? Research us. Look at whom you are dealing with. Look at the boycott we carried out against The Sun newspaper after it defamed our supporters. Look at how we drove shock jockey S Cohen off the air when he insulted our dead. We are not the tame consumers you lbo people are used to dealing with. We are militant, passionate and committed. I don’t know how we will do it, I don’t know how long it will take, but we will drive Hicks from this club and your organisation will be the target of our considered and organised action if you bail him out.
PLEASE, PLEASE, PLEASE DO NOT LEND HIM ANY MONEY!!!!!
Oh, and personally, I wouldn’t lend Hicks a Euro !!
Yours faithfully,
Vicky Smith - Lifelong LFC Supporter
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