English Liverpool’s fan group, ShareLiverpoolFC, issued an eight month countdown today to the final deadline for club owners Tom Hicks and George Gillett. The group announced that when the financial crunch comes, ShareLiverpoolFC will bid to takeover the club.
ShareLiverpoolFC believes that the Royal Bank of Scotland (RBS), which the Americans owe to GBP 350 million, will probably require a very significant cash injection from the owners before reconsidering re-financing the loan in July 2009.
If the current debt can’t be re-financed, going in to administration is a real risk for the club.
“Given the opportunity to acquire equity in the club, SLFC will be in a position to bid independently or possibly in partnership with another investor. We have a solid understanding of the Club’s financial potential and remain open to discuss this potential with any other interested party,” said ShareLiverpoolFC Board member, Barrie Baxter.
“The result against Chelsea awakened genuine optimism amongst Liverpool fans on the football front, but we should not let such hopes disguise the real dangers facing our Club right now. We’re teetering on the edge of a financial cliff and there’s every chance we could drop off,” said ShareLiverpoolFC Board member, Rogan Taylor.
“But any crisis is also an opportunity. This is the time for Liverpool fans to really get together and take control. If a financial collapse does come — it may be the best chance we’ll get to take ownership of our Club.”
“There is a real alternative to the current owners — it’s us, the fans themselves. There are many out there that still don’t believe it’s possible — but just look at what’s been happening in the financial world recently — the ‘unthinkable’ seems to happen every day. This is the time to break the mould of big Club ownership in the UK. We all know that our clubs are drifting further and further away from us – the very people who provide all their real value — the people who love them like ‘family’. It’s time to act.”
Do you think Hicks and Gillett will be able to refinance their loans and find money for Stanley Park by June 2009? Would you pay to help fans take over the club and own a piece of Liverpool Football Club?