Liverpool supporters often sing to the opposing fans "YOU HAVE NO HISTORY", well all i can say that if this is the way there club is going "YOU HAVE NO FUTURE", bask in all your previous glories, they will mean nothing when you have gone into administration.

Michael, West Midlands, UK

No Liverpool fan was ever singing USA no matter what you want to believe.

!

None of them also never sang about Mu*ich either though don't forget.

The first game liverpool played at Anfield after being bought by Hicks and Gillett (it could have also been the game before the deal went through) there was a fella at Anfield all dressed up in Stars and Stripes garb.

He was actually singing, 'Dubai, Dubai'

Paul, Amsterdam, Netherlands

Here's what you all have missed...

George Gillett's net worth is only $250-million (125mm pounds). He is the reason for the heavy financing.

Tom Hicks net worth is $1.3-billion (652mm pounds).

It is real simple: do you want Gillett, Parry and Moores -- who believe the last 18 years of failure is acceptable? Or do you want Hicks, Ayre and Benitez -- who think Liverpool needs a major overhaul in its way of doing business to compete in the 21st century?

Spare me your DIC talk -- they wanted to finance 100% of the stadium, and flip the club in 5 years.

John, Liverpool, UK

Oi, scousers: if the debt is secured on Torres and Liverpool don't have the cash on time, then he will be sold - not by LFC, but by the banks.

Doesn't matter how many cars you have to sell when the bank comes knocking for your mortgage repayments, does it? If you can't sell them and hand over the cash, the bank will still foreclose on the loan and sell your house.

And do you really think that if everyone knows you need the money to pay back a loan, they'll give you a decent price? If that did happen, you'd end up like Leeds.

More likely, though, that any owner who could would lay their hands on the cash for this one because the cost of failing to pay it back would be far greater than the most extortionate re-financing cost.

Josh, London,

This is why the Arsenal board must never allow the club to be taken over by foreign oligarchs. It leads to instability and potential disaster.

Liverpool board, you've sold the family silverware and it looks like now or in the near future you're going to pay for it....

Ben, Islington, UK

Seve from Salisbury..............i agree with you that liverpool fans should have questioned the Americans when they were in the process of buying the club..............but what i cant agree with is your quote "Not singing U S A anymore eh scousers?".....Liverpools support is made up of Norwegions and people outside liverpool....not many scousers.....they all support Everton

gary oflynn, enniscorthy, wexford

Not a Liverpool fan but listening to Hicks on Skysports yesterday sent chills down my spine. Does he really think sitting with his Liverpool mug and his kids wearing Liverpool shirts shows "he is a fan". Absolutely laughable.

Equally you agree to attend a meeting with Klinsmann to talk about the possibility of him taking over as manager even though you've never heard of the guy. Unbelievable. Even if you knew nothing of his career it just shows how out of touch you are with European football. I mean he only managed his country's team at the last World Cup hosted by his home nation Germany no less. You love football so much Mr Hicks you didn't even take an interest in the World Cup where even the USA had a team.

As for Sky Sports can I suggest when you have a so called "exclusive" in future you show it in one go. Not everyone has all day to watch Sky Sports while you drip feed an interview throughout the whole damn day!

Gen, London,

I would love to be able to laugh at liverpool, but the words "united", "glazer", "debt", "ronaldo" and "real madrid" keep popping into my head.

why the hell have these people been allowed to do this to our clubs? I don't particularly care that they own them, but they should certainly not have been allowed to put their personal debts used to finance the acquisitions into the clubs themselves.

what is the point of docking clubs like leeds points when they go into administration? the authorities should be preventing clubs spending beyond their means in the first place. football clubs are not like other companies.

jem, london, uk

The hidden beauty of languages...

Torres is Spanish for Towers, so for any spanish speaker your line about Babel and Towers fits perfectly with the image given by Liverpool management.

chorche, teruel, spain

If it is true and this is met by the war ficharle sera increhible milan 70 madrid 90 € € € 77 barcelona serious pump clocking the best striker in Europe and with more progression

Ragazino, milan, italia

Liverpool wont have to sell their top players, they will instead refinance their debt. Its not like they're the next Leeds Utd.

John, Newcastle upon Tyne, UK

As a supporter of a club outside the "big four" I think this is great!!!!! Man Utd owned by a nutty American family and heavily in debt, Chelsea relying on a Russian gangster, Liverpool heavily in debt and in complete disarray. Perhaps the end of the domination of "the big four" is in sight............for most football supporters it can't come quick enough!!!!!

Alan, Lymington, UK

Parry decided that these clowns were the best for LFC,his job is know to get rid of them and apologize to the fans and he himself should resign for hjs stupidity.

jim karabagias, melbourne, australia

Be fair Ken; walk away Gillete, Hicks and Parry!

Don't forget that one of the reasons Parry championed the Yanks was due to the fact he could stay on as CEO. It was part of the DIC deal that he would be put out to pasture!

Rosso, Dorset,

The two main culprits are Parry and Moores - they brought Hicks and Gillett into the club. Moores last-minute decision to sell out to Hicks and Gillett was down to one reason - he got a few extra million. What else was his reasoning?

And pray tell Sarah Howson, where is your evidence that DIC are made up of "true Liverpool fans"? Sorry, but they aren't, and nor do they love Liverpool. Rather, as their name suggests, they are an investment firm. Stop deluding yourself - they love profit, not Liverpool.

They might be better owners than Hicks and Gillett, but don't go thinking that equates to them being some sort of life-long Reds..

Richard, London,

Steve from Salisbury. No Liverpool fan was ever singing USA no matter what you want to believe. The majority of us wondered why the hell Moores ever went with two small time chumps instead of DIC in the first place but this seems destined to remain one of the great mysteries of our time.

Jim , London , England

Intricate finance deals for world class players you can't really afford? Sounds like mortgaging your club on future success. Next we'll be hearing revelations about the contents of Rick Parrys fish tank.

It couldn't happen to a nicer club

Nick, Leeds, UK

This is exaclty what Hicks did when he owned Brazilian Club Corninthians.

Borrowed to the death and had to sell all their players.

They ended up being relegated.

It's happening again, now.

This man needs to be stopped!!!!

Pypes, Merseyside,

TOTAL debts are £350m !!!

Banks don't give two hoots HOW the money will be paid even if it involved Liverpool squad 'loaned' for nights out to highest female bidders.

WHEN current loans expire in 2009 & IF there is no deal for refinancing then Banks will seize LFC assets. Simple.

WHATEVER needs to be sold to pay off £350m debts will be sold. That would be cue for Rafa to go to a Club with funds & possibility of winning something. LFC would go back 20 yrs & poss NEVER recover. Losing Rafa = TRAGEDY.

Fans should educate themselves on WIDER picture rather than knee jerk reactions to 'smaller' issues raised in the headlines.

KEY ISSUE: WHO has shown ANY REAL DESIRE FOR LFC WITH CASH TO MATCH ???

apart from DIC, NO ONE!

IF on 27.05.08, 50% of LFC is owned by DIC as EQUAL partner, BEST NEWS & BIG step in getting Hicks out. £200m- Gillett profits, LFC debts are HALVED & OPTIMISTIC FUTURE,Stadium, players etc

AFTER THE STORM, THERE'S A GOLDEN SKY...

DIC YNWA

Ayaz, Wakefield,

"Hicks needs to swallow his pride and ego and sell to DIC. DIC are made up of true fans"

Heh, good one.

That famous footballing hotbed and stronghold of Liverpool support, Dubai.

The last tycoons you sold out to didn't turn out to be the cash-machine dreamboats you fondly imagined, but *this* lot will be. Good luck with that.

You were kidding yourselves when you thought the Americans weren't in it for money and wouldn't mortgage the club, but unbelievably most Liverpool fans seem to be happy to imagine DIC are in it just for the love of the club. Deserve everything you get with that attitude, "Fool me once, ...etc".

Hope Arsenal at least can stay out of the clutches of crooks or speculators.

Ilmarinen, London,

And at Villa Park we were unsure of Randy and the General...
looks like Randy is the true epitome of an owner relaxed laid back, supportive of the clubs history and not just looking at the bottom line and a "quick buck" and the General's a real playmaker in the boardroom...

AVFC once used to be a laughing stock because of Deadly Doug and his hiring and firing of managers, now Liverpool looks to be the poisoned challice...

looks like they'll need more than the fields of Anfield Road to help them!!!
Matt.

Matt, Birmingham,

Clubs who are in debt so far have to be banned from playing toplevel and European football !!
You have to keep it fair

Anko, Gorredijk, The Netherlands

Hicks and Gillett have proven how a poor leadership can turn a great institution to a laughing stock. They need to go!. We are paying heavily for Moores' and Parry's greed. If they took loan to buy players and will do so in future if they remain, LFC will go bust. I cant help but to think of Leeds. God save liverpool

Harry, Derby,

Happy to help out Liverpool repaying their loan. A Chelsea clear out will lead the way for the arrival of Torres... would be more than happy with that...

David, London,

I will weep golden tears of joy if they have to sell Torres.

Che Grimandi, Islington,

Its another case of Seeing the easy money and not thinking of the consequences. Having 2 men who dont understand football or the ethos of a great club such as liverpool was a disaster waiting to happen.

They are now simply reaping what they have sown.

Sean, London,

Maybe you should have questioned the Americans when they were in the process of buying the club instead of lying back and thinking of the cash.

Not singing U S A anymore eh scousers?

Steve, Salisbury,

Whether Hicks is right or wrong he should do his talking in the boardroom not on sky sports. I've a horrible suspicion this article is leaked from Hicks' sources and do not wholly believe what is being reported.
Hicks is behaving like a child throwing his toys out of the pram. Let's get the club in the ownership of professionals.

Tony, Leeds,

I'm sure Mr Hicks will "walk away" if someone offers him enough money. It's called the Free Enterprise System.

Al, weybridge, UQ

Not a Liverpool fan but I am a football fan and hearing an owner say 'We have fallen so far behind the other clubs. We have still got the top brand in the world of football, but that’s no good if you don’t know how to commercialise it' is just depressing. We all knew why they bought Liverpool but it would be nice for him to refer to a footballing reason for sacking Parry.

Ben, Leeds,

werent we told that selling clubs to some rich guys would guarantee greater spending power? now we see not every buyer is abramovich.
keep arsenal the way its. i would build slowly towards riches than go running and burst

jimlewis, new york,

Having followed Liverpool since the mid-60s I can quite safely say that what is going on is nothing short of a disgrace. Rick Parry is probably a very competent administrator however he has shown over the years that he is a far from competent football CEO - he is basically just to slow to make his mind up. Ronaldo being a case in point. If Parry had listened to Rafa and acted straight away, Liverpool's front line would now be Torres, Babel & Ronaldo.

Whatever happens, Rafa must stay. As for the three clowns - Hicks, Gillette & Parry - they can go to hell.

andy williams, holyhead (caergybi), wales (cymru)

Sounds nothing like a piece of sensationalist journalism to me. If Liverpool own the bank £31 million in say the next 6 months then fair enough. However why would the bank force the sale of Torres and Babel. They would only do that if we couldn't raise the money any other way but we can. All the bank would want is there money back and wouldn't really care how they got it. Liverpool will already make a fortune in Sky money and there champions League run this season. if they went on to win it then £30 million would already be raised. We could also raise the money by selling other players such as Crouch, Alonso and others if needed.

So all this article points out is the worst case scenario...whcih won't happen. No wonder Liverpool had no official statement. It's a nothing story!

Vinnie, Glasgow,

what a complete and utter load of nonesense. i understand the media are revelling in the chaos behind the scenes at anfield,as its such an easy to write ongoing soap opera. what i think frustrates certain journalists is that this has not completely been reflected on the pitch. these so called revelations arent backed by any solid evidence ,no direct qoutes from any of the institutions or individuals involved . "should liverpool be unable to payback or refinance the loan" dear oh dear is this the best the hacks at merdochs flagship could come up with.this club stands on the verge of winning the most prestigious club competition in world football for the second time in four years,whilst extended its already glorious record in this competition.is it more to do with the fact that certain people would much prefer to see torres wearing a chelsea , arsenal or man utd shirt?give us the facts ,not certain peoples wishful thinking.

louise mcnulty, liverpool,

"The Times has learnt that Liverpool borrowed the money to sign Torres"

Where did you learn this? A Liverpool fans message board per chance? It's been common knowledge since we signed them, that's the entire reason we hate Gillett and Hicks so much - they're not bringing anything to the club that we couldn't have done ourselves beforehand.

Rob, London via Liverpool,

This article tells us something about the financing, but it's headline is ridicolous. Even if they needed money, Liverpool will simply refinance that particular loan rather than losing the two players. It will be easy to refinance due to Torres', and to a lesser extent Babel's, inflated value.

As for Parry: How can anyone question his loyalties and work for the club? He started working for Liverpool's best interests while still at the Premier League, probably knowing where he'd be next.

Andy, Bergen, Norway

who was it that brought hicks and gillette into the fold? none other than rick parry.

please DIC, buyout the Yanks and sack parry

kay , london,

I have been a Liverpool supporter for nearly 40 years now and what has happened outside the boardroom over the last year is testing my resolve to remain a supporter. It is a complete mess, the club is being made to look an absolute joke, and if the situation is not resolved very shortly I can see Rafa walking away this summer. If the termoil continues in this manner who in their right mind is going to sign for the club? In fact who will actually stay at the club? It is impossible for the supporters to know who is causing the most trouble - Hicks, Gillett or Parry - we know Parry has been at the club for years, but is Hicks right about him? Gillett is keeping quiet, but is he right to back Parry? Do we want Hicks to have total control or Gillett? I suspect that the answer is probably neither, but how do we get them out and who goes in? The fan ownership scheme works in other countries and with some of the biggest clubs, but I personally do not have £5000 to spend unfortunately.

Mark Thompson, Cheltenham, UK

The amercians have caused nothing but outrage since arriving... walk away. please...
How can anyone even THINK of sacking Benetiz and selling Torres..... 2 key men which help liverpool acheive its success!.....its a disgrace.... leave us alone. please.

vish, nawanshare,

I would like to see a single concrete piece of evidence to back up these "revelations". Unfortunately broadsheet newspapers are as prone as their tabloid counterparts to passing off speculation and rumour as fact. There is not a chance in hell that this will happen - pointless scaremongering.

Neil98, Oxton, Merseyside

Enough is most definately enough. I truely didn't think Hicks and Gillett could take things this far. They have driven Liverpool to breaking point by ignoring fans, creating tensions in the management and now their reckless spending means we may have to sell our best scorer!

What did they think could bring to a club when they have no idea about football, no understanding of the passion of the Liverpool fans and they had to borrow the money to buy the club in the fiorst place!

Hicks needs to swallow his pride and ego and sell to DIC. DIC are made up of true fans who have shown they will not place huge debts on Liverpool, who will not ignore it's fans and will not sell Torres.

Sarah Howson, Chester, UK

Sound like good business having to sell a player who's scored 30 goals this season.
Walk away Mr Hicks.

Ken, Wollongong, Australia