It would be hard to find someone who would defend the stewardship of Geofrge Gillett Jnr and Tom Hicks at Liverpool. A great club has been undermined and its future prospects damaged. Nevertheless, a further blow to the embattled American owners comes in the form of what The Times describes as an ’emotional and wide-ranging letter’ from former owner David Moores. The paper is already regarded as the house journal of the Coalition Government.
It would be hard to find someone who would defend the stewardship of Geofrge Gillett Jnr and Tom Hicks at Liverpool. A great club has been undermined and its future prospects damaged. Nevertheless, a further blow to the embattled American owners comes in the form of what The Times describes as an ’emotional and wide-ranging letter’ from former owner David Moores. The paper is already regarded as the house journal of the Coalition Government.
There are those who think that Moores was not blameless as he sold the club to the ZAmericans in the first place. He admits that he had looked for a ‘fantasy investor’ who loved Liverpool and that he was taken in by the Americans. However, he rejects charges that anyone at the club was negligent in the due diligence process with merchant bank Rothschild assuring the club that the Americans were good for their money. The share offer pledged that no debt would be placed on the club and that funds would be made available for investment in the suqad and the new stadium.
Moores also explains why he felt he had to sell the club and why other bids including that from Dubai International Capital failed. Moores admits he made ‘honest mistakes’, but his disdain for his successors is clear. He calls on them to stand aside with dignity.