Download e-book for iPad: An Epic Swindle: 44 Months with a Pair of Cowboys by Brian Reade

By Brian Reade

ISBN-10: 0857385992

ISBN-13: 9780857385994

AN EPIC SWINDLE is the interior tale of the way Liverpool FC got here inside hours of being re-possessed by means of the banks after the shambolic 44-month reign of yank vendors Tom Hicks and George Gillett. it's the story of a civil conflict that dragged Britain's so much winning soccer membership to its knees, in the course of the excessive court docket and nearly into management.

Players Steven Gerrard and Jamie Carragher inform in their anger on the damaged grants, in addition to their ache at staring at unswerving fanatics in open rebellion. supervisor, leader govt, board contributors, prime enthusiasts and newshounds demonstrate the turmoil at a respected carrying establishment run by means of males at conflict with one another, who trampled Liverpool's adored traditions into the gutter.

No tale sums up the bare greed on the center of contemporary soccer really like Hicks' and Gillett's try and flip a greenback at Liverpool. No-one has had as a lot entry to the reality, or tells it with as a lot ardour, wit and perception as Brian Reade.
AN EPIC SWINDLE is the riveting tale of the way shut one of many nice soccer golf equipment got here to monetary implosion.

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Extra resources for An Epic Swindle: 44 Months with a Pair of Cowboys

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Money which wasn’t reinvested in the team. Fans were enraged, especially when stories emerged of plans to change their famous black-and-white kit, and the anti-Hicks & co. protests began. One Brazilian source said at the time: ‘The Americans came into Corinthians with money but did not understand the way football works. They brought in a strong team of advisers to administer the club but the way they did things was very American, in the crudest sense. The model they wanted does not function here.

Morgan. In 1974, he moved back to Texas to serve as President of First Dallas Capital Corporation and three years later, at thirty-one, Hicks created Summit Partners to do his first leveraged buyout – the technique of buying low with borrowed money, then selling high at a huge profit, which he perfected so spectacularly it made him a billionaire. The same technique he would employ thirty years later to buy Liverpool. Shame about the profit. In the greed-is-good 1980s, Hicks was like a (noncriminal) Gordon Gecko, filling his cowboy boots through the gains of leveraged buyouts, with partner Bobby Haas.

But the investment world started to change as fund managers came to the fore and in 1989 the pair split because Hicks wanted to raise huge pools of cash to invest in big ventures while Haas preferred to work on individual deals. One former Hicks and Haas employee who stayed close to both men told Bruce Schoenfeld of US magazine publisher Street & Smith’s SportsBusiness Journal that Haas had made enough money to last him the rest of his life and wanted out. Not so Hicks. ‘It wasn’t important for Bobby Haas to be on the Forbes List (the US rich-list) but Hicks cared about such things.

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An Epic Swindle: 44 Months with a Pair of Cowboys by Brian Reade

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