Tom Hicks and George Gillett may
still be afforded extra time to find
a buyer for Liverpool.
The Daily Mail says the attempt by
co-owner Hicks to gain
investment from American equity
company Blackstone has failed.
Hicks had been negotiating with
Blackstone over a £280million
package that would give them a
share of control at Anfield and
allow him to meet the October 11
deadline for repaying a £237m
loan to the Royal Bank of
Scotland. But it is understood
Blackstone will not be pursuing
the deal.
It is a major setback for Hicks,
but does not necessarily spell the
end of his unpopular reign. RBS
will call in the debt but are
reluctant to start running the
club, and may allow more time
for a buyer to be found.
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