By Brian Reade
AN EPIC SWINDLE is the interior tale of ways Liverpool FC got here inside of hours of being re-possessed by way of the banks after the shambolic 44-month reign of yank vendors Tom Hicks and George Gillett. it's the story of a civil struggle that dragged Britain's such a lot winning soccer membership to its knees, during the excessive courtroom and nearly into management.
Players Steven Gerrard and Jamie Carragher inform in their anger on the damaged grants, in addition to their soreness at gazing dependable enthusiasts in open insurrection. supervisor, leader government, board contributors, top enthusiasts and newshounds demonstrate the turmoil at a respected wearing establishment run through males at battle with one another, who trampled Liverpool's loved traditions into the gutter.
No tale sums up the bare greed on the center of contemporary soccer fairly like Hicks' and Gillett's try and flip a greenback at Liverpool. No-one has had as a lot entry to the reality, or tells it with as a lot ardour, wit and perception as Brian Reade.
AN EPIC SWINDLE is the riveting tale of the way shut one of many nice soccer golf equipment got here to monetary implosion.
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Extra info for An Epic Swindle: 44 Months with a Pair of Cowboys
If we don’t win, the fans are going to be mad. ’ A couple of weeks later he moved Rodriguez to the New York Yankees in a deal that left egg splattered all over his face. He had to pay them to take A-Rod off his hands. With $179 million still owed to Rodriguez, Hicks paid him $67 million to leave, allowing the Yankees to sign him for a mere $16 million a year. Hicks had believed he could buy the World Series simply by bribing a megastar to shine in a team of average players, but all he bought was acute embarrassment and confirmation of his own sporting ignorance.
Ball games were no longer about how many dollars you took from your local bluecollar workers on the gate or at the burger-stand. It was about how much you could take from companies, from selling on the brand via sponsorship, corporate packaging and TV and internet rights. With Hicks’s vast experience and huge portfolio in broadcasting, it seemed natural to him that building and exploiting sports franchises was the future. But when you cut through the hype, spin and rewriting, he only ever enjoyed one major success during fifteen years’ investment in sport: winning ice hockey’s Stanley Cup with the Dallas Stars.
In March 1998 the Pele Law, named after the legendary player, was passed to attract outside investment into Brazil’s debt-ridden national sport. The top twenty teams were more than £250 million in the red, most paying it down by selling the transfer rights to their best players to foreign, mainly European teams. In 1999 a staggering 658 Brazilian professionals were sold abroad. The inherent problem was that Brazilian teams were legally bound to be run in a feudal manner, as social and athletic clubs rather than businesses.