feedback

Tom Hicks and George Gillett

Debt Lies Cowboys

February 2007. Everyone is expecting great things. David Moores and Rick Parry have sold the family silver and we have new owners, Tom Hicks and George Gillett, who we are told are billionaires and fans are expectant of no debt, big transfer budgets, new stadiums and putting Liverpool FC back where it belongs, on it's perch.

February 2010. No one expects great things. Tom Hicks and George Gillett 'own' the club with the Royal Bank of Scotland's money. None of the promises have been delivered, the family silver is tarnished and we are the club with the poorest billionaires ever.

Tom Hicks and George Gillett aren't welcome at Liverpool Football Club. They were at first - they made promises that the fans believed, and we all looked to a rosy red future. That future now looks dark and bleak under Hicks and Gillett, and we as fans need to change that. So why aren't Tom Hicks and George Gillett welcome..

Debt

As of the latest published accounts the club has a net debt of £351 million. It was approximately £44 million when they took over from David Moores. This debt means repayments of £30 + million every year. The club is now for sale, but the valuation of the club by Hicks and Gillett is too high and we just then left with a debt we didn't want or have in the first place. Tom Hicks, speaking in May 2007, does not hide his view on the leveraged buyout at Liverpool "When I was in the leverage buy-out business we bought Weetabix and we leveraged it up to make our return. You could say that anyone who was eating Weetabix was paying for our purchase of Weetabix. It was just business. It is the same for Liverpool."

Lies

"This is not a takeover like the Glazer deal at Manchester United. There is no debt involved, and we believe that as custodians of this wonderful, storied club we have a duty of care to the tradition and legacies of Liverpool." Tom Hicks February 2007

"The shovel needs to be in the ground in the next 60 days or so, and we would intend to follow that. I think you'll see the beginnings of a great big swimming pool being dug out here in Stanley Park relatively soon". George Gillett February 2007

"I asked why they had approached Klinsmann, because his pedigree was not one that immediately made fans sit up and take note. He claimed Klinsmann had a brilliant track record, and he had excellent marketing talent, having close links with those at Adidas, Nike and Reebok and the benefits of him being at Liverpool." George Gillett's justification for approaching Jurgen Klinsmann, January 2009

Tom Hicks - You couldn't make it up (Well actually, Tom can)

Cowboys

They have promised much and delivered little. Their job as 'custodians' has been nothing but making it up as they go along, taking expenses (over £2 million as shown in the accounts up to 2009) from the club for their no expense spared trips to come and watch us play, entertaining family and friends along the way.

Tom and George - Not Welcome Here. To support us in our campaign to rid LFC of Tom and George, please join us.



Debt Lies Cowboys

Latest news & updates

Join the Spirit of Shankly

Join the Spirit of Shankly

Become a member of the Spirit of Shankly and benefit from reduced travel to away games, membership offers and representation at Club level.

Click here to join


sos podcasts

SOS Podcasts

Did you know we publish a monthly Podcast? We discuss the latest fan issues and develpments at Liverpool FC with members.

View more info