Liverpool need cash!

[Balti]

English Liverpool Football Club owners George Gillett and Tim Hicks have been approved for a six-month deferment on their loan from Wachovia, US investment bank, and the Royal Bank of Scotland of GBP 350.5 million.

The loan, provided in January of 2008 as 'working capital,' was originally due by 25 January 2009. Hicks and Gillett prepared a written request to the lenders asking for repayment grace until 24 July 2009.

The annual interest on the loan is GBP 30 million. It is speculated that further interest fees may be accumulated over the course of this six-month extension. The club hopes that income from participation in the Champions League will assist with the repayment of this debt.

It has also been reported that a loss of sponsorship in Gillett's Nascar team in the United States has removed an avenue of income that could have been used for the repayment of the loan.
---------------------------------------
http://www.eufootball.biz/finance/6577-liverpool_loan_debt_deferred.html

Said on Granada News last night that the loan included the cash for the new stadium.

Sounds to me like Gillett and Hicks might welcome a big money bid for one of their stars........

 

[mancity89]

Lets take advantage and buy That shit hot striker cant think of his name..................Kuyt thats it

 

[Mills-Mcfc]

Alonso!

 

[projectriver]

They wont sell first team players now. They want to sell the club in the Summer. Selling the Champions is a lot easier than selling a 4th placed team because you sold a couple of players for £30m in January.

 

[blue 1992]

buy torres!

 

[blue jim]

Reina.

 

[spacecadet]

All their back four apart from Carragher - Zab is better than him.

 

[Astuteboy]

Lets take advantage and buy That shit hot striker cant think of his name..................Kuyt thats it

Nah mate, you're thinking of Andriy Voronin. He's out on loan at the moment but I'm sure a bid of £100m could get him back in the country.

 

[quiet_riot]

Agger, Alonso, Reina and Torres.


Yes please.

 

[standytogilvy]

They wont sell first team players now. They want to sell the club in the Summer. Selling the Champions is a lot easier than selling a 4th placed team because you sold a couple of players for £30m in January.

the lad speaks sense