Liverpool's owners have been given an ultimatum by their bank.
The Times says Tom Hicks and George Gillett Jr, the owners of Liverpool, have been issued with an ultimatum by the club’s bankers to attract investors to reduce the club’s debt or to sell up.
A statement released on behalf of Hicks and Gillett yesterday provided official confirmation for the first time that a search for new funds is under way, with Rothschild and Bank of America Merrill Lynch, the investment banks, leading the search.
City sources believe the announcement is an indication of the pressure that the Americans, who bought Liverpool in February 2007, are under to reduce the club’s exposure to debt.
sell better lah...
get more money and dump ah ben and buy jose mourinho.
agreed.
the yanks should bring rafael along.