Liverpool loan deal falls through
These are troubling times for Liverpool….
Liverpool Football Club’s financial turmoil took another turn for the worse after it was reported that the asset management and financial services company Blackstone Group had backed out of a deal with Liverpool co-owner Tom Hicks.
It was widely reported earlier in the week that GSO Capital Partners, a subsidiary of Blackstone, was close to finalising a two-year US$437 million loan with the Liverpool owner, which would’ve allowed Hicks to repay US$370 million owed to the Royal Bank of Scotland, purchase Gillett’s shares of the club and delay the sale of Liverpool until 2012.
However, the Financial Times has since revealed that Blackstone chairman and chief executive officer, Stephen A. Schwarzman, has decided to back away from any deal.
Category: Football trading strategies
