Liverpool fans call on bank to cut funds to owners

Liverpool fans’ group the Spirit of Shankly want the Royal Bank of Scotland to stop financing the club’s American owners Tom Hicks and George Gillett.

Liverpool fans’ group the Spirit of Shankly want the Royal Bank of Scotland to stop financing the club’s American owners Tom Hicks and George Gillett.

The bank, along with US investment bank Wachovia, gave finance to the owners in January to re-finance their original loan of £350m (€428.3m), which ended with the club being saddled with £30m (€36.7m) a year of interest payments.

That loan is due for re-negotiation again in January, and now the fans’ action group want the RBS to refuse any further cash.

It is being suggested that fans will be asked to close their accounts and disrupt the bank’s activities if further loans are allowed.

The SOS group say in a statement: “We would encourage the RBS to withdraw financial support for Tom Hicks and George Gillett.

“Should the owners come back asking for more finance in January, we would ask the bank to refuse as it is against the wishes of the vast majority of Liverpool fans.”

More in this section

Sport
Newsletter

Latest news from the world of sport, along with the best in opinion from our outstanding team of sports writers

Sign up
IE_logo_newsletters

Select your favourite newsletters and get the best of Irish Examiner delivered to your inbox