According to Owen Gibson in the Guardian, hedge fund Mill Financial, who are rumoured to be attempting to buy Tom Hicks’ shares, asked the Premier League last night to undertake the fit and proper persons test for owners of a Premier League club. It is believed however that the Premier League have rejected Mill’s request stating:
“We will continue to deal with the legally constituted board of Liverpool Football Club.”
The Liverpool Board have previously put forward Peter Lim and NESV to undergo the tests but for obvious reasons have not been inclined to put forward Mill Financial, who could quite possibly pay off the RBS’s loan and keep Tom Hicks in control of the club. Mill stand to lose £75m if the NESV deal goes through as they currently own George Gillett’s share in the club after the American defaulted on his loan to the hedge fund. If Hicks does stay in charge, he would owe Mill sizeable interest payments and financial fees, which he would no doubt burden on the club.
STELLA ARTOIS WORLD DRAUGHT MASTERS
This is a matter for the nation now! I feel that the government should step in let alone the premier league and do something about these imoral greedy emotionless Baskets!!
Daz
Totally agree – this should not have escalated to this stage but unfortunately it has due to the unbelievable greed and under-hand tactics of Hicks
LFC fans should put their thinking caps on and organise a campaign to ruin Hicks and Gillet. If They wana fight, lets fight