Open letter to the Chief Executive & shareholders of the RBS
Friday, September 12th, 2008We write as the concerned voice of a great many supporters of Liverpool Football Club. Many of our number are also customers of the Royal Bank of Scotland.
It has become apparent to a wide range of experts that the business model, set in place by the current owners of Liverpool Football Club, George Gillett and Tom Hicks, for taking forward this historic institution, and community pillar, is not a viable one.
The American consortium, substantially backed by the RBS, has continually issued false promises to the club’s supporters – it’s key constituency and ‘customer base’. We no longer have faith in their competence or ability to meet the commitments of their business plan, and we believe, that from a financial perspective, they are fundamentally harming the value of the club.