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Craig HillLiverpool's £350m deal
January 25th 2008 04:45
The latest report out of the UK is that Liverpool owners Tom Hicks and George Gillett have completed a £350m refinancing deal to repay money borrowed for their £218.9m takeover in March 2007.
BBC sports editor Mihir Bose said: £60m of the package will provide the start-up money for the new ground.
The deal, which is expected to be announced on Friday, underlines the pair's determination to remain at Anfield despite interest from Dubai International Capital (DIC), the investment arm of the Dubai government.
It also means that the club can finally launch their long-awaited plan for a new stadium at Stanley Park.
The deal, which is expected to be announced on Friday, underlines the pair's determination to remain at Anfield despite interest from Dubai International Capital (DIC), the investment arm of the Dubai government.
It also means that the club can finally launch their long-awaited plan for a new stadium at Stanley Park.
Fans would happily usher these two out of Anfield
While the refinancing deal could come a long way to offering some much needed stability at the club, it is likely the pair will continue to incur the wrath of the Kop for their despicable treatment of manager Rafael Benitez for some time yet.
The Kop faithful are still fuming over reports that the American owners approached Jurgen Klinsmann as a possible replacement - 'insurance policy' in the words of GIllet and Hicks - for manager Rafael Benitez.
According to the BBC: A survey carried out by the Liverpool Supporters' network showed that 76% of 2,000 fans questioned said they would "seriously consider reducing their financial commitment to the club" if the current owners stayed in charge.
When asked to choose between the owners and the manager as to who had the best interest of the club at heart, 99% backed Benitez.
When asked to choose between the owners and the manager as to who had the best interest of the club at heart, 99% backed Benitez.
And when even Sir Alex Ferguson, boss of bitter rivals Manchester United, comes forward to say that "what happened was a bad piece of business on Liverpool's part, no doubt about that", that really is saying something.
[Source: BBC]
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