Tom Hicks Wants £800m For The Club!
Liverpool co-owner Tom Hicks is looking to sell the club for a lofty £800million. Is he nuts? How to sell for £800million when a club cannot win league title for 20 years, not qualified to next season’s champion league, and with a debt of £237m? Crazy man, crazy American. They are trying to make hefty profit at the expense of Liverpool.
Co-owners Hicks and George Gillett bought the club in 2007 for £219m, and the Americans want to make a hefty profit off their investment.
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The pair’s intention to sell was brought to light after their recent appointment of chairman Martin Broughton.
A six-month reprieve has been granted by the Royal Bank of Scotland on the club’s £237m debts and the owners want to find a buyer as quick as possible.
“Liverpool will be the most profitable investment I have ever made,” Hicks said, according to the Daily Telegraph, insinuating a business motive was behind purchasing the club.“I should make four times my money. Liverpool has been the most rewarding in so many ways and the most painful in so many ways. When you feel fans turn against you, it is very frustrating.
“The fans blame the owners [for failures on the pitch], but the reality is that we have had injuries to our key players and we just were not a very good team without them.”
Hicks may have a hard time finding a buyer as potential purchases of the Merseyside club in the region of £500 million have fallen through in the past.
Liverpool’s supporters union, Spirit of Shankly, were less than happy with Hicks comments.
A spokesman for the union proclaimed, “To suggest he and George Gillett have quadrupled the value of the club in the last three years is simply not realistic. No potential investor will pay that much because the club is not worth that much.”
