One More Year
By: CSD | July 28th, 2009
That’s right kids, you have probably already heard that those evil Yanks, Tom and George, have refinanced their loan for another year. Somehow they convinced the Royal Bank of Scotland and Wachovia that they will be able to keep servicing their debt. On the same day of the refinancing deadline, ShareLiveroolFC, in conjunction with the Spirit of Shankly, made a revised proposal to buy the club.
They’ve apparently realized that no one is going to pay £5,000 for a share and have lowered it to £500. I remember someone a while back saying that it wouldn’t work at 5,000–hmm..who was that? There’s all kinds of little figures on their site that will make your head explode, but what they lack is actual money, and plans to get additional funding as needed for pesky things like players and stadiums. Now don’t get me wrong, I think the public owning a football club is a good idea, but I think this club is valued too high to make it work. It would go over much better with a cheaper club like Newcastle. There, I’ve planted the seed. Go get ‘em, Toon Army!
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Comments | Add your comment
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If clubs want to keep competing for the top players they need a big money man at the top willing to spend their own cash.
Posted from
United States
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For the big club like Liverpool these guys will need really good amount, they need to find because I don’t see the Liverpool next season.
Posted from
United States
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