Source: Liverpool_Echo
LFC latest: John Henry vows to fight Tom Hicks' attempted deal with Mill Financial
The Shankly Gates at Anfield 300[LNB]BOSTON Red Sox owner John Henry today vowed to fight Tom Hicks' "last desperate attempt" to cling on to Liverpool FC - as Mill Financial were set to make an eleventh hour effort to pay off his debt.[LNB]The baseball multi-millionaire sent a Twitter message this morning insisting his New England Sports Ventures (NESV) company were in pole position to take over at Anfield.[LNB]But sources close to the deal this morning told the ECHO Hicks was manoeuvring into a position for hedge fund Mill Financial to pay off the £237m debt to The Royal Bank of Scotland.[LNB]The Texan wants to retain his 50% share, and he has enlisted the investment arm of Virginia-based Springfield Financial Company to pay off his arrears.[LNB] This could be one of the worst possible scenarios for the Reds with millions of pounds of debt still burdened on the club.[LNB]Hicks' lawyers today lifted the restraining order imposed in Dallas blocking the sale to Boston to allow Mill Financial to come in.[LNB]But it could also clear the way for the Liverpool board's deal with NESV, but that was yet to be confirmed[LNB]Insiders told the ECHO the Hicks move was "a last throw of the dice."[LNB]NESV, mindful of this latest development, are dependant on the Liverpool directors refusing to approve the Mill Financial deal and would remind them of their binding agreement to buy the club.
