Tom Hicks courts hedge fund Blackstone in desperate bid to stay in control at Liverpool

Telegraph – It was Hicks’s refusal to countenance an offer from Rhône, which had offered £110 million for a 40 per cent stake in the club, prompting the Royal Bank of Scotland, which holds the majority of Liverpool’s £282 million debt, to appoint Martin Broughton as chairman and instruct Barclays Capital to secure new owners for Anfield.

That Hicks is now prepared not just to consider such an offer but actively to court Blackstone, one of 11 potential investors identified by Barcap, according to a document received by the supporters’ union Spirit of Shankly, is a measure of how desperate he is to remain at Anfield despite agreeing to sell the club six months ago.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply