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Liverpool FC CFO joins board after Hicks gaffe

Troubled Liverpool Football Club promoted its chief
financial officer Philip Nash to the board at the same time as it announced that
Tom Hicks Jr, a director at the club and son of co-owner Tom Hicks, had resigned
following an email exchange with a fan.

Nash was admitted to the boards of both the club and the parent company in
what was an unprecedented move to elevate the position of the club’s management
over the dominance of its owners, the Gillett and Hicks families.

It was not clear if the resignation of Tom Hicks Jr and the promotion of Nash
to the two operating boards was connected. It emerged that Hicks Jr had sent an
abusive retort to a fan that had been emailing him voicing his displeasure about
the club’s management and its finances.

Not a great deal is known about Nash’s work at the club, but he has been key
to securing the £80m deal for shirt sponsorship with Standard Chartered –
perhaps the bank’s finance director, Richard Meddings, could be a worthy advisor
to Nash as he was one of 2009’s leading FDs. In 2010, Nash must find the money
to build the team’s planned new stadium and the club is still on the lookout for
a minority investor.

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