By Brian Reade
AN EPIC SWINDLE is the interior tale of ways Liverpool FC got here inside hours of being re-possessed by means of the banks after the shambolic 44-month reign of yankee proprietors Tom Hicks and George Gillett. it's the story of a civil conflict that dragged Britain's so much profitable soccer membership to its knees, during the excessive courtroom and nearly into management.
Players Steven Gerrard and Jamie Carragher inform in their anger on the damaged delivers, in addition to their soreness at looking at unswerving lovers in open insurrection. supervisor, leader govt, board participants, top lovers and newshounds show the turmoil at a respected carrying establishment run by way of males at battle with one another, who trampled Liverpool's loved traditions into the gutter.
No tale sums up the bare greed on the middle of recent soccer really like Hicks' and Gillett's try and flip a dollar 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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AN EPIC SWINDLE is the interior tale of the way Liverpool FC got here inside hours of being re-possessed through 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 such a lot profitable soccer membership to its knees, in the course of the excessive court docket and virtually into management.
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Additional resources for An Epic Swindle: 44 Months with a Pair of Cowboys
Gillett was praised not just for his savvy but for his laid-back management style. Gillett’s ownership of WSMV was marred when an investigative news series critical of government meat inspections mentioned three supermarket chains that did $100 million annual business with Packerland. But the scandal did little to halt Gillett’s success. 2 million, and Packerland had become a steady source of revenue for other acquisitions, providing over $100 million cash. Gillett’s new-found wealth enabled him to buy a prestigious piece of real estate – Colorado’s huge Vail and Beaver Creek ski resorts.
At an estimated value of $41 million, down from a high of more than $60 million, it remains the most expensive house in Dallas, which is an achievement in a place that isn’t shy about showing off its wealth. Turn into the sweeping driveway, glide past the manicured lawns, and it comes upon you like a Bordeaux chateau, all turrets and greenery. Hicks owns some $100 million of real estate and controls multiple businesses. His net worth was estimated by Forbes last year at $1 billion, which should keep the Matisse hanging on the wall for a while.
During the time that Hicks was chairman (1989 to 2004), the firm raised $12 billion of private equity funds, broke more than $50 billion of leveraged acquisitions, and grew into one of the largest private investment firms in the USA. Their first few funds were hugely successful, enabling a buoyant Hicks to buy Dallas’s prestigious Crespi estate with its historic centrepiece mansion, and turn it into the most elegant, most expensive and most-envied house in Dallas. Schoenfeld, who interviewed Hicks there in May 2010, when his sports empire was unravelling, describes it thus: The 28,996-square-foot home connects with George W.