Liverpool’s ownership saga has taken another shocking turn due to the credit crunch. Tom Hicks and George Gillett are said to be on their last thread at the club and could be forced to sell at a discounted price.
Tom Hicks and George Gillett may have to swallow their pride and accept a take-it-or-leave-it £500million buy-out offer from Sheikh Mohammed in the wake of grim forecasts about their prospects of steering Liverpool through a worsening financial crisis.
With the deadline looming for repayment of a £350million loan to Royal Bank of Scotland, Liverpool’s co-owners face a dilemma over their next move, following claims from financial expert Keith Harris that the Anfield club are ‘the ones who worry me most.’
Sportsmail understands a £500million bid from Sheikh Mohammed is still on the table, after being lodged last February, but that it may be withdrawn, if the Americans are forced into a corner by their bank. (Daily Mail)
The really is shocking news, especially since it was rumoured that the Sheikh pulled his £500million offer in February. Instead of having to sell players for funds, it now it looks the club could have a lifeline for the future. I’m sure Liverpool supporters are really distraught at the thought of Hicks and Gillett selling the club and buggering off!