JoeMercer'sWay
Well-Known Member
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Liverpool have approached British Airways' Martin Broughton to be their new chairman, BBC Sport understands.
An appointment could be announced next week, with the British Airways chairman forming part of a restructured board.
American co-owners Tom Hicks and George Gillett are thought to believe that by stepping down as co-chairmen, potential investors are more likely to be found.
Broughton has previously chaired the British Horseracing Board, and is a lifelong Chelsea fan.
He is also a former chairman of British American Tobacco, and the Confederation of British Industry.
Hicks and Gillett were seen together at Anfield for the first time in almost six months for Liverpool's 4-1 win over Benfica in the Europa League quarter-finals on Thursday and have been holding talks over the club's future.
DAN ROAN'S BLOG
If they fail to finish in the top four, I am told the club will seriously struggle to afford the current interest repayments on its debt.
Last week, the American pair rejected a £100m offer for a 40% stake in the club by the Rhone Group, a New-York based private equity firm, to the dismay of manager Rafa Benitez.
Liverpool have been asked by its principal creditor, the Royal Bank of Scotland, to reduce their £237m debt by around £100m, with the current lending arrangement running until this summer, although that could now be postponed.
A further refinancing deal, and the construction of a new stadium, depends on fresh capital being found.
The club's managing director, Christian Purslow, has been trying to find new investors for several months.
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I don't see the point, I mean it's not like they'll need to fly away from these shores next season ;)
Liverpool have approached British Airways' Martin Broughton to be their new chairman, BBC Sport understands.
An appointment could be announced next week, with the British Airways chairman forming part of a restructured board.
American co-owners Tom Hicks and George Gillett are thought to believe that by stepping down as co-chairmen, potential investors are more likely to be found.
Broughton has previously chaired the British Horseracing Board, and is a lifelong Chelsea fan.
He is also a former chairman of British American Tobacco, and the Confederation of British Industry.
Hicks and Gillett were seen together at Anfield for the first time in almost six months for Liverpool's 4-1 win over Benfica in the Europa League quarter-finals on Thursday and have been holding talks over the club's future.
DAN ROAN'S BLOG
If they fail to finish in the top four, I am told the club will seriously struggle to afford the current interest repayments on its debt.
Last week, the American pair rejected a £100m offer for a 40% stake in the club by the Rhone Group, a New-York based private equity firm, to the dismay of manager Rafa Benitez.
Liverpool have been asked by its principal creditor, the Royal Bank of Scotland, to reduce their £237m debt by around £100m, with the current lending arrangement running until this summer, although that could now be postponed.
A further refinancing deal, and the construction of a new stadium, depends on fresh capital being found.
The club's managing director, Christian Purslow, has been trying to find new investors for several months.
---
I don't see the point, I mean it's not like they'll need to fly away from these shores next season ;)