American Hedge Fund Sues Former Soccer Club Owner

November 22, 2010 James Heinsman Hedge Fund News

George-Gillett.htmlThe U.S. hedge fund Mill Financial LLC has filed suit against George Gillett, the former owner of the English Premier League’s Liverpool soccer club. Mill contends, in a lawsuit naming Gillett and twelve affiliates, that of the $70 million which the former soccer club owner’s company had borrowed in January 2008, only $431,000 had been repaid.

The case is identified as Mill Financial LLC vs. Gillett et al, New York State Supreme Court, New York County, No. 652055/2010.
In 2007, Gillet, who is also a former owner of the National Hockey League’s Montreal Canadiens team, along with fellow private equity executive Tom Hicks, bought the Liverpool soccer club for 218.9 million pounds, but fans disapproved of the fact that they overloaded the club with excessive debt.

Canadiens, English Premier League, George Gillett, Mill Financial LLC, Tom Hicks,

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