TOM HICKS HOPES FADE FAST.

Tom Hicks the American billionaire from Texas was hoping to get a big loan from the Blackstone Group, the amount was 280 million pounds. He wanted it mainly to pay back The Royal Scotland bank a loan amount of 280 million pounds, but Hicks wanted it so the bank would extend the loan period to two more years. In that time he wanted to look for a buyer for the famous Liverpool club.. But after a great deal of negotiation The Blackstone Group rejected the idea of giving Mr Tom Hicks the 280 million pounds, as they feared it would be a extra burden on the Liverpool club.Hicks will have to look elsewhere fast for the money, as the last date by the Royal Scotland Bank is 11/10/2010 to pay all the loan up.

And if the Bank do take it then Liverpool could well face a nine point deduction at the end of the season, leading to demotion to the second division.