Gillett, Hicks struggling with Liverpool debt, Arabs keen to lodge buyout offer: report

Canadiens majority owner George Gillett Jr. (left) with Tom Hicks, photographed last February at Anfield.
Peter Byrne – Pool/Getty Images

Liverpool FC could change hands
for the second time in a year as their American owners encounter difficulties in refinancing £350 million of debt incurred in taking over and running the club.

Beset by the steeply rising costs of a new stadium and manager Rafa Benitez’s demands for new players, Tom Hicks and George Gillett Jr. have been attempting to transfer the debt, for which they are personally liable, on to the club itself. City sources believe this is an extremely difficult task to complete before the loan’s due date at the end of February.

It is possible that the Americans will meet the deadline, but if not an Arab investment group, Dubai International Capital, is understood to be close to lodging an offer to buy out the American pair, probably for about £500 million.

Takeover discussions are thought to be due before the end of this month.

14 Comments

  1. carmine007 says:

    This is exactly what I had previously spoken about.
    Our owner has to many things other than hockey on his mind.

    It’s complete rubbish to think that a Jerry Jones or George Steinbrenner not putting there money, heart and soul into there clubs!

    Does Gillett even live in Montreal????

    It’s NEVER over til it’s OVER!

  2. showey47 says:

    no disrespect but i find it irrelevent where our owner was born or where he currently resides. He gave gainey permission to spend the maximum cap, which is twice as much as our former owner has ever spent on the team. Its not up to gillett to make the decisions about who plays for us, thats up to gainey, gillett pays the bills. Its not uncommon for billionaire owners to have more than one major finanacial investment, thats how they become billionairs.

  3. carmine007 says:

    Were did you find your profile pic?

  4. TommyB says:

    Totally agree!

  5. TradeRyder says:

    Yawn.

    _____________________________________________________________
    Let the kids play… let the non-performers watch or walk.

  6. HABZ 24 says:

    WAIT 500 mill,ill cash in my emptys!! ya right.

  7. VladIsMyDad says:

    I miss the Expos. :(.

  8. showey47 says:

    Were we not owned by molson at the time who wouldn’t spend the money to keep the better players we had at the time like recchi, turgeon, damphousse etc……? At the time what was more canadian than molson? I know i drank more than enough to keep these guys in a habs uniform.

  9. showey47 says:

    i only wish, i think i could of covered the rangers payroll at the time. Does beer really come in six packs?

  10. Girth says:

    6 packs … I heard about those!

    I think it’s for people who need to get a little of exercise walking back to the store 3 times.

  11. Ed says:

    If I owed 350 million, & someone wanted to buy me out for 500 million, I might go for it. Come on George, then you would be able to concentrate on the Canadiens.

  12. Exit716 says:

    Do you mean like the men that owned the Expos and drove them out of town?
    That’s exactly what the Habs need, a bunch of under-funded clowns running the show. If you’re so nostalgic for the old days, then I recommend hiring Corey to orchestrate stupid trades and Houle to execute them.

  13. Naila Jinnah says:

    Interesting, considering how many big ticket purchases Gillett has made or has rumoured to be making lately.


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