Amidst Accusations of "Financial Doping," Tom Hicks Not Ready to Sell Liverpool
Hicks, of course, has his own issues much closer to home, having willfully defaulted on $10 million in interest payments on $525 million in loans as he tries to restructure a new deal with his lenders and find partners for the Rangers and Stars. (He recently referred to both franchises as "two strong long-term investments for the right people," if only he could find them.) But the English government has taken a particular interest in Liverpool FC's state of financial affairs. Last week Parliament released a report in which some MPs fretted about the fate of the Premier League, and according to this Associated Press Q&A today, the report accuses "Manchester United, Liverpool and Chelsea -- the top three teams in the Premier League -- of 'financial doping,' or reckless borrowing to maintain their domination."