Porthmouth bankrupt, condemned Manchester United to assume debt of 826 million euros of its owner Malcolm Glazer … The elite of English football suffered the brunt of financial crisis. And it is not finished. According to the British press, Tom Hicks and George Gillett, owner of Liverpool Football Club, has mandated Barclays Capital, the investment banking subsidiary of Barclays to sell the club. "This is not a surprise when we know their philosophy on Liverpool, says Vincent warmShe, head of sport Ineum Consulting.They clearly did not want to invest any book in the club they use as a "cash cow".
Under the pressure put by the creditors of the club – Royal Bank of Scotland claiming payment of 100 million pounds (113 million euros) – and the rise of a club like Manchester City who could play spoilsport at within the 'Big Four' (Chelsea, Manchester United, Arsenal, Liverpool), Liverpool has no other choice but to respond. "If Liverpool wants to keep pace with competitors sporting their English, Spanish and German, they must have a stadium of over 50,000 seats," said Vincent warmShe.If the project was suspended due to financial crisis, Liverpool have received permission to build a new 60,000-capacity stadium in Stanley Park to Anfield to replace that with a capacity of 42,000 seats.
The owners want to EUR 565 million
Since their arrival in Liverpool, the two investors are highly contested by both the Reds fans as the club's creditors. In addition to sports scores means, they mostly blew the debt of the club, which currently reaches 237 million pounds (268 million euros) No fax pay day loans. "Like Manchester United, Liverpool is a club that generate healthy lot of money. But that money only serves to cover the debts of their owners. What constitutes a serious handicap for their sports investments."Says Vincent warmShe.
Sixth in the Premier League – the equivalent of League 1 in England – and therefore not qualified for the next Champions League, Liverpool disappoint again this season. "Liverpool is facing a triple handicap: an owner who does not invest a stage too small and sports results disappointing. If the club continues in this path, he will find himself in big trouble. The end of the season is in this sense a real turning point. They must finish in the top four, "says Vincent warmShe.
The two owners of the club then realized it was time to make a substantial capital gain. They hope to gain from the sale of Liverpool, they bought 217 million pounds (245 million euros) in 2007, 500 million pounds (566 million euros). However, in three years, the value of the pound has fallen sharply: in 2007, a pound was worth just under EUR 1.50.Today, ell worth just over 1, 13 euro.
The case is far from being tied up: Tom Hicks and George Gillett have received an offer for now 118 million pounds (133 million euros) to buy 40% stake, valuing the club at least 300 million pounds (339 million euros).
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