Source: Liverpool_Echo
Spirit of Shankly seek Liverpool FC Rhone Group investment answers
LIVERPOOL FC fans are urging Anfield managing director Christian Purslow to answer their questions regarding possible investment from the Rhone Group. [LNB]In light of reports linking the New York based private equity firm to a 40% controlling stake in the Reds, the supporters union, Spirit of Shankly,say they have contacted Purlsow with a list of issues relating to the potential investment. [LNB]The Royal Bank of Scotland have set a July deadline for the repayment of £100m of the £237m debt owed to them by Liverpool FC parent company, Kop Holdings. [LNB]It is expected capital from any new investor will be used to reduce the debt taken out against the club's assets by owners Tom Hicks and George Gillett. [LNB]Although it had been suggested that the £110m Rhone investment will be one of equity and not debt, the Spirit of Shankly are calling upon Purslow to fully explain the details of any proposed deal before it is completed.[LNB]James McKenna, spokesperson for Spirit Of Shankly, said: "There is genuine concern amongst fans, that whilst we need this new investment, it may not be for the greater good of the football club.[LNB]"The club's owners, Tom Hicks and George Gillett, made all the right noises and said all the right things when they took over and look how that has turned out. [LNB]"Fans have learnt from the past. Any new investors will come under closer scrutiny from those who genuinely care about the football club. We don't want to be jumping from the frying pan, into the fire."
