Liverpool have struck a deal with one of their banks (The Royal Bank of Scotland) to re-structure the debt owed to them, they also owe money to another unnamed bank. The £290 million debt with RBS has been re-structured after owners Tom Hicks and George Gillett agreed to pay back £60 million. The overall debt is a massive £350 million, that must surely worry Liverpool fans!

The problems Liverpool could encounter all depends on when RBS and the other bank require the money to be paid back, but clearly there is some level of urgency otherwise the re-structuring wouldn’t have happened. It seems Liverpool need to sort this mess out and get some sort of financial stability, otherwise severe consequences could occur. It looks like a big multibillion dollar owner is what Liverpool need, and with the stature of the club you would think they would be an attractive option to somebody out there, still the debt will be a put off.

This entry was posted on Tuesday, July 28th, 2009 at 5:41 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.