jamie | 
07 31st, 2009| 
Get the Yanks out and make sure the club stays in the right hands, the fans!
SHARELIVERPOOLFC MAKE REVISED PROPOSAL
FOR FAN BUY OUT, SUPPORTED BY SPIRIT OF SHANKLYOn the deadline day for the American owners of Liverpool FC to complete the refinancing of the debt they took on to buy and run the Club, the two key supporters’ groups, ShareLiverpoolFC (SLFC) and Spirit of Shankly (SoS) unveiled a revised fan buy-out plan for consideration by the banks and the owners. Though it is expected that RBS & Wachovia will extend the credit line to the current owners, in the view of the fans, this is only a short term (and expensive) fix for LFC.
Initially SLFC looked to raise £500m from 100,000 LFC fans who would pay £5,000 for a single share. Feedback received from SLFC registrants and SoS has convinced SLFC that reducing the ‘entry fee’ from £5,000 to £500 is the best way forward, as it ensures a much broader base of fans can get involved. Subsequently, they have put together a revised proposal.