27 January 2008

Are Hicks & Gillet the real deal ?

With all this talk about refinancing are they placing Liverpool in financial shit ? is buying a new stadium a bridge too far ? will our teams tranfer dealings suffer as a result ?. What do you guys think about our new owners ? Listed below are the financial details set out by the Daily Telegraph, now I'm no financial genius but putting the club into this type of debt worries me, are Hicks and Gillet the right people to run this club ?
Liverpool by numbers:

01) £300 mil The cost of Liverpool's new stadium at Stanley Park.
02) £121 mil Liverpool's turnover in 2006.
03) £120,000 Steven Gerrard's weekly wage.
04) £220 mil The price paid by George Gillett and Tom Hicks to buy Liverpool last February.
05) £350 mil The amount they are looking to borrow to refinance borrowings used to buy the club.
06) £30 mil The estimated annual interest repayments linked to that refinancing.
07) £42 mil Liverpool's summer transfer spending on Ryan Babel, Fernando Torres and Yossi Benayoun.
08) £25 mil The amount borrowed to help pay for those transfers.
09) £40 mil The amount of cash G&H are being asked to find to help fund the RBS and Wachovia refinancing.
10) 0 The amount of money Hicks and Gillett have so far invested in the club from their own resources
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send by eddie888

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