Fan power prevents Tom Hicks and George Gillett from refinancing Liverpool loans - report
By Matt Monaghan
21 Sep 2010 15:15:00
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Photo GalleryZoomTom Hicks, George Gillett, Livepool owners (PA)
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Fan power has stopped Tom Hicks and George Gillett's attempt to retain control of Liverpool after several banks refused financial packages after being picketed, according to The Mirror.
Texan millionaire Tom Hicks had been rumoured to be close to agreeing a £280 million, two-year deal with the Blackstone investment group before they pulled out of talks. Similar overtures to 10 organisations have been swatted away as he desperately tried to raise the capital to clear the £237m owed to the Royal Bank of Scotland (RBS) before a mid-October deadline.
The pair are understood to have been told each time that the political situation following supporter protests at the deeply unpopular stewards had stopped negotiations. If they continue to fail to generate the money, Hicks and Gillett's stakes in the Anfield outfit will be taken over by RBS.
KopFaithful, a group created to campaign against the Americans, calmly welcomed the news.
A spokesman said: “We are encouraged by the latest news, but we remind every Liverpool fan that the fight is not over until the Americans are out of our club.
“We want to make it clear to anyone that Hicks talks to, that if they underwrite his attempt to hold onto out club and extend his disastrous regime then they will face a backlash from millions of angry Liverpool fans.
“The current board at Anfield have made clear their opposition to the thought of any refinancing, because they believe that it would not be good for the future of the club, and we hope that no bank will lend money to the Americans when the people running the club are telling them not to."
http://www.talkaloadofbull.com/en-gb/news/2896/premier-league/2010/09/21/2129456/fan-power-prevents-tom-hicks-and-george-gillett-from-refinancing-C'mon lads, let's keep this up!
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