Liverpool FC Forum

by **Emerald Red** » Thu Feb 14, 2008 12:48 am

Hicks' dirty past.

The University of Texas Investment Management, scandal.

Tom Hicks began raiding the University's public funds after the University refused to invest in his dental company in the early 90's, that dental supply company that went bankrupt three years later.

The investment decisions of UTIMCO were made largely in secret, though subsequent research has uncovered some of the areas to which the funds were directed.

1996 UTIMCO invested = $20 million in a deal involving the Bass family, which became extraordinarily rich with the help of Richard Rainwater, who had joined Bush in the Texas Rangers deal. These are only a handful of the deals organized by Hicks, which by no means benefited only Bush’s friends—they also benefited Hicks.

"Almost a third of the $1.7 billion has been committed to funds run by Hicks' business associates or friends. These questions have remained unanswered and Hicks has been unwilling to answer questions about his activities on the publics behalf. "
- The Houston Chronicle

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Bad deals made by Hicks Muse Tate between 2000-2004.

* Hicks' telecom investments ended very ugly. All five of his businesses he invested in, would end up having to file for bankruptcy. With one collapsing in only six months after receiving a infusion of $230 million infusion from Hicks' firm.

* Then there was the meltdown of the Argentine economy, which hit three Hicks' firms investments - two of which are in default, the other in bankruptcy.

* His you have him firm's $500 million investment in Regal Cinema that hit the wall when the company declared bankruptcy.
The Texas Ranger deal.

Bush and co. made $15 million from the Texas Rangers deal.

Hicks bought the Texas Rangers from Bush and co. in 1998. The price was $250 million, three times what Bush and co. had paid for it.

In the deal Hicks gets free stadium - payed for with tax payers money, it come out taxpayers paid for the stadium built for the Stars as well.

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Hicks attempts to tap in to the lucrative South American market

1999 - Tom Hicks' buy out firm, announced a deal in April giving it the marketing and licensing rights for Corinthians and later Cruzeiro.

They were immediately promised these things:

Huge transfer funding; and
New stadiums.

They got neither, Hicks lost $500 million in two years andto this day any people it was case of pure money laundering.

"Hicks waited too long to reinvest the profits, it hurt Corinthians' performance and irritated fans used to a better playing team"

"He warns that the strategy may cut into future team profits if Hicks, Muse doesn't get busy building the team up again."
- Carlos Roberto de Mello, Corinthians' vice president.

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The sale of ConAgra's beef operations - Swift and Company.

The transaction, valued at about $1.4 billion, took place in August, when a 54 percent ownership of Swift passed to an investor group led by Hicks, Muse, Tate & Furst, Inc. (HMTF) and Gillet in the background.

Seeing as it was Hicks, Muse, Tate & Furst, Inc. - or the now HM Capital heading up this transactions, with Gillet in the passenger seat. It's safe to say it was as leveraged buyout.
The Management Corporation of Vail Associates - a company George Gillet brought in 1984, took over the managerial reins.

It seems George Gillet is in debt to Tom Hicks, without the track record of Hicks' firm - Hicks, Muse, Tate & Furst, Inc - when it came to leveraged buyouts, George Gillet wouldn't had the opportunity to be part owner of Swift.

Since 2002 Swift and company have generated sales of $7.73 billion dollars.

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Business men like Hicks are absolute devotion to making money, it often conflicts with real values and it complicates things for people involved. This attitude comes from the fact that money to someone like Hicks is a measurement of power, a proof of worth that has a recognized and accepted meaning to others who share his believes - not matter how deluded they are.

The amount of money he has made for himself though lies is amazing, the amounts he has lost are too, he lost 500 million and had to declare bankrupt a few years ago, although lucky for him he is a king of the leveraged buyout - so having capital isn't so important. Having bank will to lend it to you is but if your friends with Bush no bank will turn you away - especially any American bank.

For somebody who is in bed with Bush should we should not surprised the slightest and hey - he is great at what does - hijack business deals using lies and trickery. Many in America have compared him to Michael Milken, a man who pleaded guilty to six felonies in the biggest fraud case in the history of the US securities industry and there is proably more truth to that than there is to weather Hicks has an honest bone bone his body.

There are times were having a person like Hicks around is useful, when your is against the wall, if you want to buy something and you can't afford it Hicks is your man, a true business man of the 21st century. Some idiots want to be him, everbody else despises him. His idea is to never sells his investments unless you double your money - hence the 1 billion valuation of Liverpool FC.

He is not interested in a small profit, and doesn't care if the investment defaults or goes bankrupt.

=================================

He's a few skeletons in his closet there alright.

Ripped from RAWK.

by **NANNY RED** » Thu Feb 14, 2008 12:53 am

Ano Emerald disgraceful isnt it and yet as i said before if we can find out about his dodgy life by just looking on the net how the hell did Parry and Moores not know this . Thats why Moores has to take alot of the blame here aswell he sold out for A FEW DOLLARS MORE.

by **god_bless_john_houlding** » Thu Feb 14, 2008 1:17 am

The more and more I look at it, the more and more I see Moores has to take his share of the blame (apologies for the amount of times the word more was used

)

But how many of the Liverpool fans, were looking into Hicks' past, before the promises turned out to be bollox. Be honest we were all chuffed to hear what they had planned for the club so none of us had any reason to doubt them. I think Moores had the same idea. He was taken aback by the big ideas and promises they had for the club, I don't think he saw any reason to doubt them. But I do agree he still should of done a better job of checking over the books if you like.

by **NANNY RED** » Thu Feb 14, 2008 1:26 am

John Moores is a buissiness man aswell as a fan when he buys or does a deal himself i bet you he leaves no stone unturned looking into past dealings and how things financial wise have been done in the past. I know i do when i buy a property whether it has tennants in or not before i sign on the dotted line ive checked even what the auntie had for breakfast.

Bad buissness by Moores thats why i think he was taken in by the dollar

by **god_bless_john_houlding** » Thu Feb 14, 2008 1:31 am

Nanny, is that John me John Moores aka the uni in L'pool or just a mispelt version of David

by **NANNY RED** » Thu Feb 14, 2008 1:33 am

god_bless_john_houlding wrote:Nanny, is that John me John Moores aka the uni in L'pool or just a mispelt version of David

got me i should have put a coma there

by **god_bless_john_houlding** » Thu Feb 14, 2008 1:47 am

Old age catching up with you

by **NANNY RED** » Thu Feb 14, 2008 1:54 am

god_bless_john_houlding wrote:Old age catching up with you

That happend a long time ago

by **god_bless_john_houlding** » Thu Feb 14, 2008 1:58 am

before or after the second world war

by **Ciggy** » Thu Feb 14, 2008 7:41 am

EXCLUSIVE
By Martin Lipton Chief Football Writer 14/02/2008
Related Articles

Liverpool are poised to change hands again - by the middle of next month - as the club's US owners close in on a double-your-money offer from Dubai.

Despite denials from Tom Hicks and George Gillett, Mirror Sport understands that an outline agreement to transfer ownership of the Anfield giants to Dubai International Capital is in the pipeline.

Sources in New York have confirmed that a £460million deal with DIC - the Dubai government's financial arm and headed by Sheikh Mohammed Bin Rashid Al Maktoum - is now on the verge of conclusion. Anfield fans will rejoice at the news that the two Americans' ill-starred reign is ending after a series of protests in recent weeks over their treatment of boss Rafa Benitez.

Supporters have demanded a sale to DIC, who were jilted at the end of 2006 when the Liverpool board wrongly believed the deal with the Americans would safeguard the interests of the club. Hicks is expected to stay as part of the new club directorate in the immediate aftermath of the sale.

The effective sale price is nowhere near the ambitious £1billion valuation Mirror Sport exclusively revealed was put on the club by Hicks in November. He and Gillett paid just £219m to take control of Liverpool from David Moores a year ago.

One insider said: "These talks are still ongoing. Tom and George want to make sure they get the right price for giving up the club."

Despite leaving Liverpool with a £350m debt, they will be able to walk away having made a substantial profit.

http://www.mirror.co.uk/sport....0318853

by **kazza** » Thu Feb 14, 2008 8:27 am

NANNY RED wrote:Ano Emerald disgraceful isnt it and yet as i said before if we can find out about his dodgy life by just looking on the net how the hell did Parry and Moores not know this . Thats why Moores has to take alot of the blame here aswell he sold out for A FEW DOLLARS MORE.

Should we not be doing the same research on DIC?

by **Ciggy** » Thu Feb 14, 2008 8:38 am

The Hicks family on holiday last week in St Barts wonder who payed for the LFC plane and holiday :no

Alex Hicks:

Tom Hicks and the family:

landing strip:

The house:

the view:

Alex Hicks and his bird:

Alex and his mate holding hands pair of quegs :Oo:

by **Ciggy** » Thu Feb 14, 2008 8:53 am

Them pictures have made my blood feckin boil, LFC jet cheeky feckers.

Ill be fuming all day now :angry:

by **kazza** » Thu Feb 14, 2008 9:01 am

Ciggy wrote:The Hicks family on holiday last week in St Barts wonder who payed for the LFC plane and holiday

Alex Hicks:

Tom Hicks and the family:

landing strip:

The house:

the view:

Alex Hicks and his bird:

Alex and his mate holding hands pair of quegs

To be fair ciggy the plane has two other team logos (Hicks's other teams) and I never knew that LFC owned a Gulfstream Jet (they are very expensive to own and operate) which lets me think that it is Hick's personal Jet, and in which case "smoke them if you've got them". Can't fault him for being rich.

If DIC buy us then you should see Sheikh Mo's plane because Hick's plane will fit in it's toilet (maybe a slight exageration).

What is with Hick's son? In one picture he is holding a handbag and in another he is holding another mans hand..

by **Emerald Red** » Thu Feb 14, 2008 9:02 am

Oh, I'll be saving those pictures for some Photoshop fun later. Pack of w@nkers the lot of em.

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