Word: gillette
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Dates: during 2000-2009
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...company's ability to continue as a going concern." A deal to roll over the debt is likely; as a storied and well-supported club, Liverpool generates healthy revenues and profits. But difficulty raising fresh funds has meant plans for a new stadium - promised when Tom Hicks and George Gillett bought the club two years ago - have yet to get off the ground. With the new season two months away, the off-season buying spree at least provides a fun distraction...
...largest TV advertiser, will slash 8,000 jobs after losing $1.2 billion in the first three quarters of 2008 - the financial foundation of the sport is at risk. In fact, four weaker-performing teams in the Sprint Cup Series merged to try to cut costs and stay competitive: Gillett Evernham Motorsports absorbed Petty Enterprises, and Dale Earnhardt Inc. joined up with Chip Ganassi Racing with Felix Sabates. "The problem you have with NASCAR is kind of like you have in professional baseball," says Sabates. "You have three or four teams that have all the money...
...legions of foreign stars lured by the piles of cash accumulated from the lucrative sale of TV rights, only a third of players starting games last season would have qualified to play for England. Foreigners now own eight of the 20 teams: Russian Roman Abramovich owns Chelsea, Americans George Gillett and Tom Hicks own Liverpool, and former Thai Prime Minister Thaksin Shinawatra owns Manchester City...
...Liverpool. "[They] are not just businesses but much more important cultural and social assets for individual places ... This isn't the way these grand institutions should be traded." But with Liverpool among the Premier League's foreign-owned teams - Tom Hicks, owner of baseball's Texas Rangers, and George Gillett, owner of the Montreal Canadians hockey franchise, snapped up the club in February 2007 - Taylor's trying to bring the merry-go-round to a halt. His message to the team's fans: "If [they] care enough about that, there's something they can do about...
...that. A public spat with Rafael Benitez, Liverpool's Spanish team manager and a favorite among supporters, has done nothing for the American owners' own fan base in the city. Uncertainty over the club's ownership - Dubai International Capital, which offered $300 million for the club before Hicks and Gillett swooped with a better offer, was reportedly preparing a fresh bid just last month - hasn't helped, either. The result: three quarters of fans polled by the Liverpool Supporters' Network in January said they'd consider cutting back on spending on club tickets and merchandising so long...