Tom Hicks and George Gillett, who currently own Liverpool, suck something awful.
They talked a big game on buying the club but it turns out that they have a lot less capital than they claimed. They borrowed every penny needed to buy the club, have put very little money into the club (aside from buying Fernando Torres), they have done very little in building a new stadium which was one of the major provisos of the original owners selling out and have destroyed much of the excellent reputation Liverpool have had in the board room.
They then said that they were willing to sell up in April and appointed a new board that would take care of it, including an independent chairman who would act in the best interests of the club, not Hicks and Gillett themselves. However, when a firm and apparently good offer came in from NESV for £300million, Hick and Gillett decided that that was not enough. They want to make their money back on an investment that they have nothing but damage to. The club is in a worse state that when they bought it yet they still want to break even.
Minutes before the board were to meet regarding the NESV takeover Hicks tried to have the two directors responsible for negotiations removed, something which he and Gillett are not allowed to do. Luckily, the chairman stood up to them and backed the directors, winning the vote 3-2.
Now Hicks has come out and said that he is going to fight the takeover in the courts, which I just do not understand. That is going to cost him more money still and none of the potential bidders for the club be they English, Syrian, Arab or Chinese valued the club at over £300 million in its current state; a value that is only going to drop as the turmoil continues to affect the team's performance on the pitch.
It is somewhat ironic that Hicks and Gillett, who could not see eye to eye about the running of and investment in the club, are the best of friends now that they are trying to sell. They are looking to go through the legal system in an effort the get their pound of flesh even if it destroys one of the most successful, respected and supported football teams in the world.
A shameful disgrace.