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Liverpool may soon get loans
England - 18 January, 2008
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English Liverpool might finally land its loan, with an estimated GBP 350 million deal with the Royal Bank of Scotland and Wachovia as possibilities.
A loan to the owners to purchase the club is due to expire at the beginning of March.
The club has scaled back plans for its state-of-the-art stadium due to a credit crunch. About half the new loan will be allotted to the new stadium, which currently comes at a GBP 400 million price.
The rest is to be secured against Kop Holdings, the club's parent company.
The Telegraph reported that, despite the impending loans, owners George Gillett and Tom Hicks have been in a row. The media outlet reported that Gillett was not pleased that Hicks confirmed the pair's approach to Jurgen Klinsmann to take over for Rafa Benitez.
It also was reported that part of the dispute also is over Gillett being wary of taking on too much debt, against the pair's promise when they took control last year.
A loan to the owners to purchase the club is due to expire at the beginning of March.
The club has scaled back plans for its state-of-the-art stadium due to a credit crunch. About half the new loan will be allotted to the new stadium, which currently comes at a GBP 400 million price.
The rest is to be secured against Kop Holdings, the club's parent company.
The Telegraph reported that, despite the impending loans, owners George Gillett and Tom Hicks have been in a row. The media outlet reported that Gillett was not pleased that Hicks confirmed the pair's approach to Jurgen Klinsmann to take over for Rafa Benitez.
It also was reported that part of the dispute also is over Gillett being wary of taking on too much debt, against the pair's promise when they took control last year.
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