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Hicks Plans Long Stay At Liverpool
Topic Started: Jan 27 2008, 12:47 PM (30 Views)
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Liverpool co-owner Tom Hicks has insisted he plans to retain his stake in the club for the foreseeable future.


"There is no question in my mind that I will still be an owner of Liverpool Football Club in five years," he told BBC 5 Live's Sportsweek programme.

Hicks said that was never a "serious possibility" but the BBC understands he was in contact with DIC last Friday.

It is not clear what that conversation was about but Hicks said: "I can't think of a price where I would be interested in selling."

The Texan admitted speaking to DIC "a few months ago" about a "10% to 15% participation" in the club but DIC felt the price was too high.

"They would have been a minority investor and we would have used that capital to build a new stadium. We'll find other ways to capitalise the new stadium," he said.

Hicks, who along with fellow owner George Gillett took over the Reds in March 2007, confirmed a £350m refinancing package was put in place last week, with £105m of that as debt tied to the club.

Of that total, £45m will be used for future player transfers and to meet the club's working capital needs, while BBC sports editor Mihir Bose said £60m will provide the start-up money for the new ground.

There is no question in my mind that I will still be an owner of Liverpool Football Club in five years

"The refinancing will provide the capital for the next year-and-a-half to take the stadium move forward," added Hicks.

He repeated his backing for manager Rafa Benitez despite revealing earlier this month that he held talks with German Jurgen Klinsmann in November about taking over as manager in case the Spaniard left the club.

"We have a great manager who has our support," he said.

"After our meeting on 16 December he has shown his strong intent to do the right thing by the club.

"Rafa's got a contract for two more years and hopefully he'll stay for longer."
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Lies lies and dammed lies. If the right offer comes his way from dic then he will be off. He has tarneshed the reputation and standing of the club and has undermined our manager.It will be interesting to see if he has the bottle to come to a game or does he think that we have short memories?
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Berethorn Liverpool
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Jan 27 2008, 01:52 PM
Lies lies and dammed lies. If the right offer comes his way from dic then he will be off. He has tarneshed the reputation and standing of the club and has undermined our manager.It will be interesting to see if he has the bottle to come to a game or does he think that we have short memories?

I sure hope he's lying when he says he's sticking by the club. I'd like to hope it's just a thinly veiled threat to DIC that he's happy to sit on this particular purchase until they come up with a ridiculous offer he'll accept. Can never tell though.

I suppose one way of looking at it is that Hicks is threatening to run the club into the ground if DIC don't meet his asking price. Seeing as their CEO is a Liverpool fan it will be interesting to see how far he might be prepared to go. Not very probably.
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