Anfield set for more Americans!
Liverpool have received a £118.5m investment bid from private equity firm Rhone Group, according to reports.
American co-owners Tom Hicks and George Gillett are obliged to reduce the club’s £237m debt with Royal Bank of Scotland by £100m by this summer.
The deal would make the New York-based group the largest shareholder with 40%, Hicks and Gillett each falling to 30%.
The Press Association report added that the bid, tabled on Saturday, has yet to be discussed at board level.
If a bid were to materialise it would be the first positive result of Anfield chief executive Christian Purslow’s search for new investors ahead of the bank deadline.
Aside from slashing the club’s debt in half, the group’s funds would also improve the club’s credit-worthiness, which in turn would make Liverpool more attractive for further outside investment.
Hicks and Gillett took control of Liverpool in February 2007, each taking a 50% stake.
However, their reign has proven unpopular with Reds fans, with the debt burden they have placed on the club and the delayed construction of the proposed new stadium at Stanley Park coming in for particular criticism.
Founded in 1996, the Rhone Group is owned and managed by financiers Robert Agostinelli and Steven Langman.
The company describes itself as “one of the world’s leading mid-market private equity firms”, and has its headquarters in New York with other offices in London and Paris. (BBC Sport)
There is obviously a danger of assuming that anyone would be better than the two fools who currently run the club, and lets face it things couldn’t get much worse, but at the same time we have to be very careful about what we wish for.
There were some interested investors from the Far East and Middle East but they came to nought and there is still a lot of doubt over whether Hicks and Gillett would accept any bid anyway, they may prefer to be in total control even though to do so would seemingly only end in tears (both for us as a club and them as money men).
Anfield stands on a precipice at the moment both on and off the field of play and this summer will be a critical period for the club. Will Rafa leave? Will the club make it into the Champions League? Will we keep hold of our big names if we do NOT secure a top four place.
Anything could happen to be honest. The club should have gone onwards after the successes of last season but instead we took one huge step backwards and we must regroup as a team and club and try to finish the season on a high.
Lets face it if we do not beat Portsmouth tonight Rafa will walk. However surely we couldn’t lose to Pompey….oops thats what I said at Fratton Park.