Thursday, September 23, 2010

Paying The Penalty


Amid the growing number of reports about the parlous financial situation at Liverpool Football Club, not to mention the team's dreadful form, one observation which stands out comes from the unlikely source that is the BBC's Robert Peston (http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/09/why_rbs_looks_set_to_own_liver.html ).
Being the BBC's business editor, Peston is loath to criticise the ruinous reign of the two lying owners Tom Hicks & George Gillett. That said, Peston highlights the hard-headed business logic which the club's main creditor, the Royal Bank of Scotland will apply over the next month or so.
*Acknowledgements to fellow Liverpool fan Tony Karon (http://tonykaron.com/ ) for the link.

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