Gossip: Hicks looks to make funds by selling Fernando Torres

September 20, 2010 | Filed Under: Blog, UK Box Update 
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Tom hicks is looking to take the club deeper into trouble and its not news Liverpool fans want to here as the man is making solo plans on buying Liverpool football club. 

Hicks will be looking to keep control of the club following an offer of £280m by GSO Capital Partners to help him buy out his partners share of the club.

The money on offer will be used to buy Hicks’ partner out of the club and to pay off debts that are mounting with Royal Bank of Scotland wanting their lending repaid as soon as possible.

Due to the money that has been offered not being allocated to new transfers and contracts of players at the club, it looks like Hicks will have to force the club to seek alternative ways to fund purchases of players and Fernando Torres and Pepe Riena have been ear marked to be sold to raise the dosh.

It looks like the club will have more troubles on their hands as a series of losses within the new season shows that the club are simply unable to compete with the front runners of the league and manager Roy Hodgson will be alerted to the news that Martin O’Neill is looking to recreate his career in management with the club.

Its still only early days for Roy Hodgson the man needs time and liverpool need a buyer fast no wonder Kenneth Huang walked away from the deal

The good news is Hicks only has until October 6th to try to get funds together to refinance his share of the club or RBS will take the club from both Tom Hicks and George Gillett

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