Fans launch buyout bid

Last updated : 31 January 2008 By Adam Bryant
The £500m raised will go towards ousting co-owners Tom Hicks and George Gillett, and build a new stadium.

"It is time to answer the concerns that football fans have about the patterns of ownership developing at our major football clubs," said Rogan Taylor, a season ticket holder and spokesman for Share Liverpool. "Thousands of Liverpool fans have already demonstrated their dissatisfaction with the current state of affairs.

"Large amounts of debt is often laden on to newly-bought clubs and the fans know that in the end, it will be them who will have to pay it off through increased ticket prices and other schemes. In such a case, why not simply buy the club yourselves?

"What many don't realise is that there are other ways of financing and taking ownership of big clubs," said Taylor. "In Germany and Spain, most top-level football clubs are simply not for sale. They are owned by many thousands of 'member fans'. The Champions League has been won on six occasions in the last 15 years by clubs owned and run in such a way."

There will be a further press announcement at 5pm today (Thursday).

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