Hicks makes last ditch attempt to keep Liverpool FC
Fri 17th Sep 2010 | Clubs Ownership
Tom Hicks has reportedly held last-ditch discussions in an attempt to stay in control of Liverpool.
According to the Guardian it’s reported that Hicks arrived in Liverpool on Wednesday, and has been in negotiations with a number of parties about, the refinancing the loans he and George Gillett took to purchase the club in 2007.
Liverpool’s American owners Hicks and Gillett could lose control of the club in October to the Royal Bank of Scotland, as their deadline to refinance the loans approaches.
According to the club's latest accounts, the Americans owe 'at least' £237.4million.
However, The Guardian reports that the club would face 'further damaging interest payments' should Hicks be successful, and that he would require approval from the rest of the Liverpool board. Chairman Martin Broughton, chief executive Christian Purslow and commercial director Ian Ayre have all 'opposed his attempts to remain at the helm'.
The paper reports that Hicks entered negotiations alone, with Gillett 'in danger of defaulting on a loan acquired to meet personal guarantees in a previous deal with RBS'.
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