Liverpool suffer another defeat! Now co-owner Tom Hicks loses billionaire status

Liverpool co-owner Tom Hicks has lost his billionaire status, according to Forbes magazine's latest rich list.  Down and (almost) out: Gerrard's Liverpool lost their Europa League clash against Lille However, the Texan businessman was still ranked 701st richest man inthe world, with an estimated fortune of around 950 million US dollars(£620million).The American - who also owns the Dallas Stars ice hockey franchise - has already agreed a deal to sell the Texas Rangers baseball team for £310million.  However, he appears in no hurry to offload his 50% share in Liverpool, despite increasing pressure from disillusioned fans against the way he and co-owner George Gillett have run the club.   'We all know about his problems with his sports clubs here in the US and over there in England,' Forbes senior editor Matthew Miller told the Liverpool Echo.   'He has had some debt problems. He has only just missed the cut (to be classed as a billionaire). We think he is a 900million to 950million US dollars guy."   Hicks and Gillett owe Royal Bank of Scotland £237million and have been unable to raise the money needed to build the club's proposed stadium at Stanley Park.  Wave goodbye to your billionaire status: Liverpool co-owner Tom Hicks They looking to raise £100million through outside investment by thesummer as RBS have requested they slash the amount of their debt. LIVERPOOL v Portsmouth: Yossi Benayoun a fitness doubt for Rafa BenitezGiggs pencilled in for Man United return against arch rivals LiverpoolMARTIN SAMUEL: How's that for history then, Javier Mascherano?Lille 1 Liverpool 0: It goes from bad to worse for Rafa Benitez as Eden Hazard makes mincemeat of Reds in Europa League LIVERPOOL FC

Source: Daily_Mail