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Published: March 28, 2012
George Gillett and Tom Hicks are the current owners of the reputable Liverpool Football club, which of course I home to our very own, Steven Gerrard. The two owners could possibly see the once in a lifetime opportunity of a Football Club investment, clearly go down the pan.
The current financial meltdown on a worldwide scale has pushed the Royal Bank of Scotland to start pressuring the two owners, George Gillett and Tom Hicks, to repay their initial loan of £350m, which was used to purchase the club a while back.
Sheikh Mohammed bin Rashid al-Maktoum the rulers in Dubai have had a keen interest in Liverpool Football Club for the past couple of years, which eventually led to them placing an offer of £500m not so long ago, which was of course, denied. Maybe the two owners are wishing they had accepted the offer!
Sheikh Mohammed bin Rashid al-Maktoum have now expressed that they are not in a position or interested in buying the club anymore, although the offer of £350m may tempt them back into the bidding race, a full £150m below what they previously offered.
The uncertainty behind the Liverpool team could have devastating effects and could see them in financial ruin in the long term.
The current owners have decided not to release details on their current financial situation or future plans of the Club. This being said, investment analysts are in a strong position to suggest that the club will be sold off, and they’ll be no problem finding a buyer, its just a case of at what price!
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