Shock and awe at US invasion

Wealthy US businessmen are not generally known for their poor financial decisions, preferring to stick with investments that are likely to generate big returns.

10th February, 2007

Wealthy US businessmen are not generally known for their poor financial decisions, preferring to stick with investments that are likely to generate big returns. So why are so many of them turning to the English Premiership, which is well-known as the graveyard of many a hard-earned fortune? The takeover last week of Liverpool by US tycoons George Gillett Jr and Tom Hicks was the third American takeover of a top-flight English club.

It followed Malcolm...

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