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The Kop Faithful – Say No To Refinance

Troubling times on Merseyside. The No To Refinance campaign is underway and the list of grievances are honest, precise and make for unhappy reading.

No football fan irrelevant of who they support takes any pleasure in watching  football club scupper itself from the inside. If our lot beat your lot because they play a better game, then fair dos. But a club suffering because of financial mismanagement that almost has nothing to do with football is depressing.

Liverpool Football Club isn’t automatically owed a future simply because of their heritage, but it’s supporters are absolutely entitled to express their discontent at the way that heritage is sullied and perhaps ultimately put at risk completely by people who have no emotional investment.


The last published accounts show debt of £237 million.
The club’s annual interest payments are currently £30 million.
This means the club pays £1 million in interest to the Royal Bank of Scotland every 9 days.

Leveraged buy-out

Hicks and Gillett promised no purchase debt would be placed on the club
Purchase debt placed on a holding company with one asset – the club
All the costs of Hicks and Gillett buying the club are paid by you, the fans

No new stadium

George Gillett promised that a spade would be in the ground “within 60 days”
Three years and two designs later, not one brick has been laid

Anfield Regeneration

Regeneration of the Anfield area on hold indefinitely
Local residents suffering the consequences of the owners’ broken promises

Lack of investment in the playing squad

No net spending on player transfers in the last two transfer windows
The club is standing still as our competitors move forwards

Unrest in the Boardroom

Complete breakdown in the relationship between Tom Hicks and George Gillett
Self-interest and power games are detrimental to the club
Club affairs turned into a pantomime for the world’s media

The pursuit of Jurgen Klinsmann

Inexperienced manager approached behind Rafa Benitez’s back
Approach to Klinsmann made unilaterally by one owner without any prior discussion

Visit The Kop Faithful HERE. They have a well written email  together with a an appropriate mailing list so you can cut, paste and make your voice heard.

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Article title: The Kop Faithful – Say No To Refinance

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