I don't know if any of the Americans on here have heard anything about this at all, but my beloved football club, Liverpool, is currently being "run" by two owners, Tom Hicks and George Gillett. They have, between them, run this club into the ground. Let me put this into some kind of context.
Liverpool Football Club was founded in 1892. It's been around for 118 years. They became the most successful club England. Then in 1990 the league titles dried up. The advent of big money in football was brought about by Rupert Murdoch and the Sky corporation. They turned football into a capitalist business, turning once proud yet poor clubs into rich yet lifeless robots, doing everything their sugar daddy new owners paid them to do.
Then a few years ago, these two Americans come along with promises of money pumped into MY club, and the promise of a shiny new stadium. Instead, they piled £217 million debt on the club, the stadium is now but a pipe dream. This begins to affect the players, and this season, it all comes to a head, with MY beloved Liverpool falling into the relegation zone. Admittedly only seven games into a thirty-eight game season, but still. This is not where Liverpool belong.
Cue this morning. I turn the TV on to find out that Liverpool's chairman and board members have agreed a deal with the owners of the Boston Red Sox to buy Liverpool. Upon hearing this, Hicks and Gillett attempt to block the deal by removing two of the board and replacing them with people told to veto the deal, as they wouldn't make a single penny from their "efforts". They consequently fail with this, but submit a legal challenge to the bid, stating that it "drastically undervalues the club". Unfortunately for them, it's likely that their legal challenge will fail, unless they can come up with a counter-offer, or are somehow miraculously able to re-finance their loans, piling yet more debt on the club.
If this doesn't happen, and the legal challenge continues past a 15th October deadline, the Royal Bank of Scotland take automatic control, but it also means that Liverpool could very well go into administration. This would mean assets would be sold (namely players), and they would receive a 9 point deduction in the league, taking them down to -4 points. MINUS FOUR POINTS. This is totally unacceptable by Liverpool's standards.
How the mighty have fallen.