Revive Liverpool

Chapter 17 The Misdemeanors of George Gillette and Tom Hicks

Chapter 17 The Misdemeanors of George Gillette and Tom Hicks
The next day, Li Nan heard the report from The Sun, and felt that although Sterling performed well on the court, he would be happy from time to time and was also very active in training, but he seemed to be a bit out of control on the ball.

This is enough for Pochettino to worry for a while, and it is estimated that he will not have a chance to play in the next round of the league.

But these have nothing to do with Li Nan. Li Nan's task today is to meet with fans representatives and some government personnel.Repair the fan relationship damaged by George Gillette and Tom Hicks.

Thinking of what George Gillette and Tom Hicks did in Liverpool, Li Nan was very angry.

On February 2007, 2, George Gillett and Tom Hicks confirmed that they would buy Liverpool. George Gillett also said shamelessly: "We will have no debt when we buy the team."

The acquisition cost £4.35 million, and they were preparing to build a 6-seat stadium, when George Gillett announced: "Work will start in 60 days."

But in mid-March, they announced that they would redesign the stadium in order to reduce costs.

On March 3, George Gillett and Tom Hicks officially acquired Liverpool.So two devils, misers came to Anfield.

On July 7, two months after losing to AC Milan in the Champions League final, Liverpool spent 4 million pounds to buy the golden boy Torres of Atletico Madrid. This is still the most expensive signing in the history of the club. This may be the only good thing the two have done in Liverpool.

In addition, Benitez also introduced Babel and Benayoun.This summer, Liverpool invested 4400 million pounds in the transfer market.For George Gillette and Tom Hicks it was iron tree blossoming.

Sure enough, on November 11, Benitez told the media in a press release that the two bosses made it clear that they would not buy players in the winter transfer unless some players were sold first.

An angry Benitez even repeated the phrase "I only train and coach my team" 15 times.

In January of the following year, George Gillett and Tom Hicks borrowed £1 million from the Royal Bank of Scotland to repay their previous debts, and it was announced that work on the new stadium would also start.

But they transferred part of the debt to the club. If the first thing they promised was not to add debt to the team, they broke their promise.

The rest went to KOP Holdings, a company they set up when they bought Liverpool. (By the way, Li Nan also established a company when he bought Liverpool - YNWA Holdings. Although it is useless, it can be regarded as filling in the pits left before.)
On March 3, George Gillette admitted that his relationship with Tom Hicks had completely broken down.

George Gillett said that Tom Hicks blocked Dubai International's offer of up to 4 million pounds to Liverpool. George Gillett also said that he could sell his shares to Tom Hicks, but the latter could not come up with money.

On September 9, Liverpool's well-known supporter group "Soul of Shankly" launched a campaign against George Gillett and Tom Hicks, who they claimed were "destroying our club". This resistance continued until the two left Liverpool.

On February 2009, 2, former Liverpool CEO Rick Parry announced that he would leave the team at the end of the season due to discord with owner Tom Hicks and coach Benitez.

On June 6, Paslow was appointed as the team's athletic director, and he also helped Liverpool raise 22 million pounds to ease the debt crisis at the Royal Bank of Scotland.

On January 1, Hicks Jr., who is considered to be "inheriting the family", had to resign from the Red Army's board of directors because he insulted Liverpool fans by email. Commercial director Al and financial director Philip Nash joined the board of directors.

On April 4, this was the deadline for the Ron Group consortium to acquire 6% of Liverpool's shares with 1.185 million pounds, but George Gillett and Tom Hicks failed to reach an agreement.

On 4 April, George Gillett and Tom Hicks admitted Liverpool were up for sale. "We have unanimously decided to sell Liverpool to a buyer who can promote the further development and improvement of the team." Martin Broughton, the chairman of British Airways, a die-hard Chelsea fan, took charge of the sale of the team as the chairman of Liverpool.

On May 5, Liverpool announced a new financial statement, which showed that the club's pre-tax loss reached 7 million pounds, and the amount of repayment of bank interest reached 5490 million pounds.

On June 6, Liverpool only finished seventh in the league, and coach Benitez resigned.

That same day, Liverpool fans publicly burned the American flag to protest the owner's rule of the team. "We have unanimously decided to sell Liverpool to a buyer who will further develop and improve the team."

On September 9th, Liverpool officially announced that they had received two "excellent offers" to buy the team, one from Asia, and the other from Li Nan's company, YNWA Holdings, which won the $5 million grand prize in the United States.

On September 9th, Liverpool accepted YNWA's offer. George Gillett and Tom Hicks believed that Li Nan's offer was too low and refused to agree.

At the same time, they also intend to remove Parslow and Al from the board and replace them with Hicks' son and vice chairman of Hicks Holdings.

At this time, the value of hiring a good lawyer appears.

Alan Shore encouraged the Royal Bank of Scotland to appeal against George Gillette and Tom Hicks. Although the deadline for repayment of the team’s loan was not reached, the Royal Bank of Scotland still filed a lawsuit against George Gillette and Tom Hicks for their breach of contract and possible debt repayment. The hearing was held in the High Court of England.

Royal Bank of Scotland announced at the hearing that George Gillett and Tom Hicks had breached their original loan agreement.

On September 9, the High Court ruled in favor of the Royal Bank of Scotland, and George Gillett and Tom Hicks had no right to appeal. At the same time, Alan Shore also learned in advance that George Gillette and Tom Hicks wanted to apply for a temporary restraining order from the U.S. District Court of Texas to stop Li Nan's acquisition.

As Li Nan's attorney, Alan Shore also made preparations for this. With the help of his law firm, he blocked the road ahead of time.

and made the idea of ​​George Gillette and Tom Hicks fail.At the same time, Alan Shore also took the opportunity to lower the price and obtained a price of 3.85 million US dollars to acquire Liverpool.

On September 9, Li Nan successfully acquired Liverpool from George Gillette and Tom Hicks.

Knowing that the team was acquired, the team's new home court was not built.

On September 9, the two parties officially announced the transfer of Liverpool's equity, and Li Nan became the team's largest shareholder.George Gillett and Tom Hicks are also finally away from Liverpool.

 Supplement September 9

  
 
(End of this chapter)

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