Liverpool’s £237 million loan must be refinanced with the Royal Bank of Scotland for the club to remain out of administration, The Guardian understands. Had the proposed sale of the club to New England Sports Ventures been free of controversy, this would be no problem. However, the current owners Tom Hicks and George Gillett are opposed to the sale, even though it has been agreed in principle by the Liverpool board acting on their behalf.
The £300 million sale, meaning Hicks and Gillett stand to lose £144 million on their investment, looks likely to be contested by Hicks. Should this happen, the legal wrangle could extend beyond October 15, placing RBS in a rather invidious position and Liverpool facing administration. Such a turn of events throws the New England Sports Ventures deal in doubt.
Broughton has plan B.
Sources close to The Independent believe that Martin Broughton has a hitherto unnamed ‘plan B’ waiting in the wings should the deal with New England Sports Ventures fall through. Managing Director Christian Purslow was in confident mood when questioned yesterday, saying he was, “not even contemplating administration, and nobody should be.”
Broughton’s “plan B and plan C,” can be used to force through a quick sale of the club to New England Sports Ventures without the club entering administration, in spite of their worries about Hicks’ appeal and the possibility of the club.
Gerrard rates Shelvey.
One quick glance at summer signing Jonjo Shelvey belies the former Charlton midfielder’s tender years. Yet 18-years-young he is and at the beginning of a fledgling career which Steven Gerrard promises will take Anfield by storm.
“When Jonjo came on against Northampton, I thought he did really well,” praised the Liverpool captain. “That piece of action will have done him the world of good as he moves forward.”
Gerrard also told liverpoolfc.tv that he expects Shelvey to be knocking on the first team door sooner rather than later. “It’ll give him confidence to try and shift people from the first eleven,” he said, giving fans hope that there is a little more depth to this Liverpool squad than thought.
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