Gillette said he was selling his Canadian Ice Hockey team - forget who they are, but 200mill is good, would bring the debt of the loan down to 150 million plus whatever hicks gets from his assets, so TV money next year could essentially wipeout the debt. Was reported in the liverpool echo with quotes he said in a interview in America.

I assume Hicks will have to wipe out the other half of the debt so about 175m each. very good news if it is true. Liverpool is their most profitable business.

http://www.mirror.co.uk/sport/football/200...15875-21434259/

so they are taking out a loan to pay off a loan? :S

ah well who cares as long as they get rid of our debts

And you think this is good news ?

Gillette has the Canadians hooked up to the hilt so peoples dreams that he's somehow going to walk away with hunders of millions is pure fantasy

the fella is in so much debt..............the bank was gonna TAKE the team off him.

if you think money is coming your way you are dreaming



all he is doing is cutting his losses,and hoping you are worth a few bob..................sometime

60odd% is mortgaged including the Bell Center,he's taken money out on future earnings and payed himself massive dividends and on top of all that he only owns 81% anyhow,the reason he can sell the Canadians is because the Gov have offered anyone who buys them a $100m cheap loan as a way of keeping the team in the state & because Canada has largely been untouched by the financial meltdown.

As for the other fucker he has as much debt on his teams but the kicker is people don't want to buy them because of where they are and the fact he's asking for too much money (atleast he's consitent) do not forget they have both been begging in the city either side of the pond for capital before eveything went tits up and even then when money was getting thrown around like confetti they were getting laughed out of town.


We gotta stop agreeing with each other kwack

last guy i heard about doing that got a film made about him and got put in jail for 6 'n' a half years

Sadly he's done nothing illegal.

$250m he took out on the bell center,it's how these parasites work and the only people to blame are Moores and his resident Clown.

lol, u wish...

its the summer......no football

im sure we will resume come August when we go for the "Sandwich Platter Trophy" against Chelski