Business News Liverpool | Page 9

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Liverpool has a rivalry with its neighbours Manchester United. This is mostly due to the success enjoyed by the two clubs and the proximity of the two cities. The rivalry is so intense that the last player to be transferred between the two clubs was Phil Chisnall in 1964, when he moved to Liverpool from United.

The club's supporters have been involved in two major tragic events. The first was the Heysel Stadium disaster, in which 39 Juventus fans were killed. They were penned into a corner by Liverpool fans who charged in their direction, the sheer number of fans cornered caused a wall to collapse. After the final UEFA laid the blame for the incident solely on the fans of Liverpool, English clubs were banned from European competition for five years and Liverpool served an extra year, a six-year ban. There were 27 arrests on suspicion of manslaughter – the only extraditable offence applicable to events at Heysel. The majority of these people were from Merseyside. Some of these people had previous convictions for football-related violence. In 1989, after a 5-month trial in Belgium, fourteen Liverpool fans were given 3-year sentences for involuntary manslaughter. Half the terms were suspended and it is unclear how many served their sentences.

The second was during an FA Cup semi-final in 1989 between Liverpool and Nottingham Forest, 96 Liverpool fans died due to overcrowding in what became known as the Hillsborough Disaster. The Sun newspaper published an article entitled "The Truth", in which it claimed that

Liverpool fans had robbed and urinated on the dead and had attacked the police. Subsequent investigations proved the allegations to be false, and this led to a city-wide boycott of the newspaper. Many organisations were set up as a result of the disaster, such as the Hillsborough Justice Campaign, which represents bereaved families, survivors and supporters, who campaign for justice for the 96 people who died in Sheffield on 15 April 1989.



Ownership and finances

Liverpool is owned by George Gillett and Tom Hicks, who acquired the club on 6 February 2007 from previous chairman David Moores. The deal valued the club