By Brian Reade
AN EPIC SWINDLE is the interior tale of ways Liverpool FC got here inside of 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 such a lot winning soccer membership to its knees, in the course of the excessive court docket and virtually 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 lovers in open insurrection. supervisor, leader government, board contributors, best lovers and newshounds exhibit the turmoil at a respected wearing establishment run by way of males at battle with one another, who trampled Liverpool's adored traditions into the gutter.
No tale sums up the bare greed on the middle of contemporary soccer relatively 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 ways shut one of many nice soccer golf equipment got here to monetary implosion.
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Additional info for An Epic Swindle: 44 Months with a Pair of Cowboys
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. Bush’s off the back lawn. The Matisse on the library wall looks utterly appropriate, and why not? The Hicks house is bigger, and more tastefully appointed, than most art museums.
But he is a big baseball fan and once every two years I bring my star players to the White House to meet him. Would I do the same with Liverpool? ’ Fortunately they never were. After Hicks took over the Texas Rangers things went relatively well. They won their local division titles in 1998 and 1999 but failed to make any impact on baseball’s coveted World Series. Hicks knew that if he was to win kudos and make a financial killing he had to do a deal that would make American sport believe there was a new mogul in town.
By then UTIMCO had lost a fortune in failed investments in Enron and WorldCom stock. Investigations revealed a pattern of cronyism with substantial investments going to a group of companies with close ties to Bush and Hicks. In 1999 Hicks was forced to resign after the Houston Chronicle exposed these dealings. Award-winning investigative journalist (and massive Liverpool fan) Ed Vulliamy, who was the Observer’s man in America, says: After Bush made him a regent of the University of Texas Board in return for a hefty donation to his campaign coffers, Hicks revolutionised the way the university invested its funds.
An Epic Swindle: 44 Months with a Pair of Cowboys by Brian Reade