Liverpool loan 'to be refinanced'

Tuesday 23 June 2009 10:59 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

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.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Liverpool loan 'to be refinanced'

Join our commenting forum

Thank you for registering