Liverpool owners Tom Hicks and George Gillett have announced the approval of their 350m GBP debt refinancing, allowing them to maintain ownership of the club and to begin construction on a new 70,000 seat stadium.
Only 105m GBP of the debt will be saddled upon Liverpool F.C., with the remainder to be assumed by Hicks and Gillett’s company Kop Investment.
The Americans have lost Scouser support, after a refusal to invest the expected money into the club and a series of gaffes, including public negotiations with Jurgen Klinsmann about their allegedly non-vacant managerial position. Their actions have left the Kop clamoring for a rumored takeover from staunch human rights advocates Dubai International Capital.
Hicks and Gillett hope to regain the support of the faithful by allowing Rafa to make Javier Mascherano’s loan deal a permanent one. Nothing revs up those fans like signing a player you already have.
With title aspirations implausible and even the Champions League in doubt, Reds’ fans may prove a bit restless. Expect the potent protests that involve attending the match, patronizing the local drinking establishments and banners that the owners won’t be able to read across the pond to continue.