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Tom Hicks is selling his soccer team

Apr 16, 2010, 11:24 AM EDT

One highly-leveraged English Premier League for sale. Inquire to one Mr. Tom Hicks.

He’ll take cashier checks, but they must be made out to Chuck Greenberg and/or various creditors of the Texas Rangers.  Do not — repeat — do not make any checks out to Mr. Hicks personally.

Just spitballin’ here, but I wonder if the Rangers’ creditors will take an interest in the soccer team sale as satisfaction for their debts, thereby paving the way for the Rangers sale to go through.  Liverpool is leveraged, sure, but EPL teams are worth a ton of dough, and it may just be that all involved can shake out an extra $30 million or so to do it.

Plus: unlike Major League Baseball teams, my understanding is that creditors can take actual security interests in teams. So, crisis/opportunity is what I’m saying.

(thanks to Kevin Tooke for the heads up)

  1. RobRob - Apr 16, 2010 at 12:32 PM

    Seems like a pipe dream for Hicks. He’s under just as much pressure from creditors in the UK as he is in Texas. Plus, he has a 50% partner with George Gillett for Liverpool FC, so it would be an extremely complicated transfer. And with the team about to miss the cut for the Champions League next season, the value of that club is about to plummet. Why would his creditors take a stake in a failing EPL club as a way to be made whole?

  2. Test - Apr 16, 2010 at 1:52 PM


  3. Julian - Apr 16, 2010 at 2:31 PM

    I don’t think Liverpool can be considered a failing club, though their fortunes are certainly fading a bit. I agree with the general point, though, and doubt Liverpool ownership would appeal to the Hicks’s creditors.

  4. josh - Apr 18, 2010 at 7:03 AM

    hicks and gillett have ruined Liverpool football club, they know nothing about the sport, everyone knows its called FOOTBALL not ‘soccer’ and its a club not a money making franchise

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