http://soccernet.espn.go.com/news/st...ngland&cc=4716
Hicks and Gillett under more pressure to sell Reds
The pressure on the stupid americans 2 find a buyer has increased aft it emerged they may struggle 2 refinance their debts aft an
October 6 deadline.
It is understood that RBS moved the debt 2 be dealt with by their restructuring team, which makes it more likely they will demand immediate repayment or instead sell the debt 2 a 3rd party. Tat move could allow the 3rd party 2 effectively take control of the club.
Hicks & Gillett bought Liverpool in 2007 using loans of £237 million & their company Kop Holdings' debts hv now spiralled 2 £361 million. They hv been actively searching 4 a buyer 4 6 mths w/o success.
Last month Chinese businessman Kenny Huang pulled out of talks aft considering a move, while a Canadian-based Syrian investor named Yahya Kirdi claimed he represented a group interested in buying the club.
Earlier this year Hicks & Gillett rejected a £110 million offer fr New York-based Rhone Group for 40% of the club.
RBS's position over their loan & its refinancing has contributed 2 the reluctance of interested parties to table formal bids.
If the October deadline passes & the americans do lose control of the club, the price for which Liverpool can be acquired is likely 2 be less with the americans out of the equation.
Would realli luv 2 see the yankees go back empty handed + a hole in their pocket.
Hope 2 see the $ fr the new owners put 2 good use,instead of going in2 the yankees' pocket.
2day is 10 Sept, 6 Oct is only less than 27 days away.