Liverpool fans plan protest over club's future


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Liverpool fans plan protest over club's future
01.22.08 (4:05 am)   [edit]

Liverpool fans are planning a huge protest against the club's American owners Tom Hicks and George Gillett when their side take on Aston Villa in the Premier League at Anfield on Monday.

The protest has been orchestrated by Liverpool fans angry about Hicks and Gillett's plans for the club and whether they intend to sell it to Dubai International Capital, the investment arm of the Dubai Government.

Hicks and Gillett, who bought the club 11 months ago for 220.0 million pounds ($428.8 million), are currently trying to organise a 300 million pound refinancing deal with banks.

That would allow them to refinance their original deal, repay loans taken out to buy players last year and to commence work on a new stadium.

If the debt is not re-financed within the next three weeks, the interest repayments on it would rocket to around 30.0 million pounds a year.

DIC, who were outbid when Hicks and Gillett bought the club a year ago, are now widely reported by the British media to be considering a renewed bid.

Hicks angered Liverpool's fans last week and undermined manager Rafa Benitez when he revealed the club had spoken to former Germany coach Juergen Klinsmann about possibly taking over as coach.

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