Co-owner Tim Hicks’ plan to continue ownership of the Anfield club looks set to end in failure after the private equity company, Blackstone, ruled out any possibility of financially backing the American.
It was believed that Hicks had looked set to secure £280 million from the investment group on a two year deal that would allow him to buy out George Gillett and become the sole owner of the club.
The news will be joy to the ears of many of the Anfield faithful who had looked at the possibility of taking radical steps to stop the proposed deal from happening. Blackstone has an interest in many companies in the UK such as T Mobile, Cineworld, Alton Towers and Centre Parks and it was believed that many of the Liverpool following were willing to boycott and publically demonstrate against these firms, to further highlight their fury at a possible refinancing deal.
Furthermore, many are speculating that a letter sent to the company from a number of Liverpool fans stating the possible repercussions a deal could have on the company’s public image as well as the dramatic decline in any revenue generated from Liverpool fans around the world, could have been an influencing factor in Blackstone’s decision to pull out of any potential deal.
While Blackstone look to be unwilling to help Hicks in his plans for sole ownership, it is thought that the 63 year old will still look to put his plans into action and take control of the Merseyside club at some point in the near future.
Many fans plan to further highlight there displeasure at the current ownership and its recent actions by displaying ‘Standards Corrupted’ T shirts and banners at their next home game against Sunderland, to help highlight to not only the Liverpool hierarchy but the rest of the Premier League, that a change is needed at the highest level at Anfield if the look are to once again become a top force in the Premier League.
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