Liverpool loan 'to be refinanced'
Tuesday 23 June 2009
Liverpool Football Club is close to renegotiating its debt with the Royal Bank of Scotland according to the BBC.
The American owners Tom Hicks and George Gillett have been told the debt, due to be repaid in July, will now be refinanced.
The BBC says RBS will insist on significant payments in the subsequent six months.
It is good news for the Anfield club, which owes £350m to two banks. There had been fears that the loan would not be refinanced, causing the club huge financial difficulties.
Yet while RBS has agreed to refinance their loan, the other bank Liverpool owe money, Wachovia, is yet to make a decision.
Latest in Sport
Newcaslte vs Everton: Latest news and score plus the rest of today's Premier League action, including Manchester United and Chelsea reaction
Manchester United injury news: Angel Di Maria unlikely to face Spurs as Marouane Fellaini's 'mystery illness' turns out to be rib injury
Manchester City team news: Manuel Pellegrini hopes to have Vincent Kompany back for Burnley visit but hopes not to risk Stevan Jovetic
Arsenal transfer news: William Carvalho to be subject of £20m bid
Manchester United defender Luke Shaw renting £3.85m home from Cristiano Ronaldo
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 4 UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
- 5 Game of Thrones is most-pirated TV show of 2014
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk