Obvioulsy this happened a couple of days ago but i couldnt see a thread so i started one.
You yanks shoud be quite knowledgable about these pair so share what you know. Will they be good for my club?

They're big in Dallas I think. They own the stadium/arena, and the ice hockey team I think. Seem to have plenty of cash. Although I did see one of them interviewed, and he said "I hope we can do great thinks for this franchise', so perhaps he hasn't got the concept 100% yet

Tom Hicks spends money like it's going out of style. He's responsible for the A Rod deal in Texas.

I think you'll be ok really. My guess is they wanted a true global team to own.

As long as they let football people make the decisions you will probably be ok.

I'm pretty much a Liverpool fan too so I hope they go over well.

whats the A rod deal?

Alex Rodriguez was a star shortstop and top player for the Seattle Mariners when his contract ran out. Texas lured him with a 10? year 252 million dollar contract. I believe it was the highest contract ever offered a player. That money is guarenteed and is now owed by the New York Yankees.

I've also heard Hicks wants to build a new stadium for Liverpool.

There just a small team that live in our shadow if you wanted to know

George Gillett purchased the Montreal Canadiens a handful of years back, and there were similar concerns about an American purchasing a storied Canadian team.

There were concerns about how much money he had and whether he'd be good for the team, but so far, he's done a more than competant job, putting the right people in charge to make good decisions for the franchise. He seems to make tons of money on the arena, which I believe currently is the busiest in the world in terms of attendance per year.

Along with the bank account and loose purse strings of Ted Hicks, you should be in good hands.

this is good to hear. I think the right people are in charge already to make the good decisions, the club needed the financial backing more so.

so now that we have an endless pot of gold who would you like us to buy?
I'm thinking he'll go la liga so he'll probabaly go for another striker, maybe villa or torres. Also another play maker, riquelme ?

http://www.telegraph.co.uk/sport/main.jhtml;jsessionid=NK5F4OFRKVVAZQFIQMFSFF4AVCBQ0IV0?xml=/sport/2008/01/29/sfnliv129.xml

Liverpool's American owners have admitted for the first time that the football club will have to finance around £30 million in annual interest payments on new loans taken out to pay for their takeover of Anfield last February.

Despite announcing last Friday that only £105m of a new £350m refinancing package was at "club-level", a spokesman for co-chairman Tom Hicks admitted last night that the club would also be responsible for servicing the remaining £245m, which had been placed on the balance sheet of Liverpool's parent company Kop Football (Holdings) Ltd.

A spokesman from Financial Dynamics, the City PR company which represents Hicks, said: "The holding company debt is supported by the assets it acquired and should there ever be any shortfall in cash flow at the club or anywhere else in Kop in any given year, Kop's ownership, under the terms of the financing package, is prepared to fund whatever is required.

"The debt is being handled exactly as it is handled at the vast majority of professional sports teams."

The admission is significant because Liverpool's chief executive Rick Parry and former chairman David Moores, who remains a director, have resisted attempts by Hicks and his co-owner George Gillett Jr to transfer the £220m cost of last February's takeover on to the club's books.

They voted against the proposal at a board meeting last autumn and their continued opposition to the move was one of the key factors in slowing the new £350m deal with Royal Bank of Scotland and Wachovia, finally announced last week.

Under the terms of the new deal, Kop Football said £105m would be placed on the club, including £60m for the start of work on a new 71,000-seat stadium at Stanley Park and a further £45m to cover other club debts, including money for past and future player acquisitions.

The remaining £245m was split into two tranches; £60m of so-called existing debt which the Americans say they inherited at the time of their takeover, and £185m, which they say relates to the cost of acquiring their shares in the club.

Liverpool sources say they remain comfortable with the £8m-a-year interest fees which are likely to accompany the £105m club debt.

But Hicks's admission last night that the whole debt would have to be serviced by the "asset", namely Liverpool Football Club, appeared to confirm that cash flows from Anfield would have to cover the whole interest cost, likely to be in the region of £30m at current market interest rates of eight per cent.

There are fears among club insiders and fans that the annual interest costs will wipe out Liverpool's operating profits, which are expected to be in the region of £30m for the financial year ended June 2007, applying a further brake on manager Rafa Benitez's plans in the transfer market.

NOW THATS A BUMP

but seriously

Yanks out DIC in, at least that way the club wont end up in a Man U type situation where they are just in debt and see no way out

These guys sure have got a lot to make right. The impression of them so far is not good at all. In fact, it's fucking horrible. The Gillett guy seems like he could be OK, but Hicks just seems like a real dick. Sell out, or make good...