Hicks In New Bid To Keep Liverpool
Liverpool co-owner Tom Hicks will make an attempt to delay the sale of the club by signing a £282m debt refinancing deal with private equity firm Blackstone Group’s GSO Capital Partners.??
The deal will enable him delay the sale of the club until 2012 as he looks to gain 100% control of the club.??
The refinancing deal does reportedly not include the funds to invest in the playing staff or build a new stadium.
It is now reported that the other members of the Liverpool board will mount a legal challenge to stop Hick’s going through with the deal.
Liverpool owes the Royal Banl of Scotland £237m, and that debt has to be repaid by 6th October or the bank can assume control.??
The club has been up for sale since April but Hick’s may look to propose a plan to buy out his fellow co-owner George Gillett.
