Source: Liverpool_Echo
Phil Thompson: Banks must say no to Tom Hicks if he tried to refinance Liverpool FC's debts
THE ownership saga is rumbling on and the Americans are running out of time ahead of next month's refinancing deadline.[LNB]I really hope Royal Bank of Scotland refuse to extend the loan and other institutions don't bail them out.[LNB]The idea of Tom Hicks refinancing the debt, buying out George Gillett and staying in charge at Anfield is a nightmare. We need him gone.[LNB]It was good news that the investment group Blackstone have ruled out backing Hicks.[LNB] I hope when that deadline comes RBS take ownership of the club and sell it on to someone who has the club's best interests at heart.[LNB]The sale has been held up for so long because of the value that Hicks and Gillett have put on the club.[LNB]It just shows what bad businessmen they are.[LNB]The time to sell was in the summer of 2009 when we had just finished second. That was the ideal time to get out but they were greedy and will pay the price.
