Tom Hicks defaults on his loans

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All $575m of it. But relax its all part of a clever strategery so that the banks allow Hicks holding company access to the interest revenue account.

How does it affect Liverpool FC? Increased ticket prices and a delay in the long overdue stadium. Unspoken but I would hazard a guess that is where it is going to go.

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About this Entry

This page contains a single entry by Shourin Roy published on April 3, 2009 4:20 PM.

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