More turmoil at Liverpool - GI Joe Gillett is going down the financial pan
http://uk.eurosport.yahoo.com/170920...llett-red.html
It might have been a great night for Liverpool on the pitch, but behind the scenes at Anfield the future of the club was thrown into confusion as one of the co-owners faces financial meltdown.
The Daily Mirror reports that George Gillett's financial problems in his native USA have reached such a state that he will be forced to default on a £75 million loan.
The problem for Liverpool is that Gillett had secured the loan against his 50 per cent stake in the club; if he can't pay it back, the bank will seize his chunk and sell it to whoever they can in order to recoup their money. And that will leave co-owner Tom Hicks in prime position to buy the rest of the club - a move which would dismay the Liverpool fans and the Anfield board alike.
