The latest from the fallout of the collapse of Tom Hicks sports empire
Once again we find ourselves reporting on Tom Hicks collapsed sports empire.
We've known for a while that many banks and finance companies have lost a great amount of money on both sides of the Atlantic.
In the latest GSP Finance, a New York-based company, accusess Hicks Sports' Group of fraud and is suing KPMG claiming among other things that the global accountancy giant assisted in the fraud.
Rarely has a running story like this involved so many big players from across the world.
The story on our website makes very interesting reading, click HERE to read it.
If one thing is for certain from this episode, the fallout from this will run and run.
To download the court papers click here: GSP_vs_KPMG.pdf
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Dale Street Associates
David Bartlett
City editor of the Post and Echo covering politics, regeneration, and urban affairs.
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And still Rick Parry was defending the selection of H&G to buy LFC... teh smell should have given them away.
Parry did rather well personally out of that little transaction. In many ways he's worse than the Texan - yet has got off Scot-free - to put it mildly.