Source: Liverpool_Echo
LFC likely to avoid Premier League points deduction even if RBS take over
Anfield 300[LNB]LIVERPOOL FC are likely to avoid a Premier League points deductions even if the Royal Bank of Scotland takes over the club.[LNB]The Reds face the very real possibility the bank could grab control by the middle of this month if American owners Tom Hicks and George Gillett fail to pay the £237m debt.[LNB]Some football legal experts have predicted that Kop Holdings, which owns LFC, would automatically be placed into administration.[LNB]But the ECHO understands the Premier League would not view that move as Liverpool being declared insolvent.[LNB] Regular discussions have been taking place between Liverpool chairman Martin Broughton and league chief executive Richard Scudamore.[LNB]The Reds have been seeking clarification on the potential scenario if RBS took temporary charge at Anfield.[LNB]Sources have indicated a nine point deduction, threatened to football clubs when they go bust like Portsmouth last season, would not materialise.[LNB]League chiefs crucially consider the debt to rest squarely on the shoulders of Tom Hicks and George Gillett, co-chairmen of the club and owners of Kop Football Holdings.[LNB]And as Liverpool has proved they have steady revenues - TV rights money, ticket sales, sponsorship - the club would avoid incurring any penalty.[LNB]The Reds reported a £200m turnover for the first time during the last 12 months, a significant rise compared to previous financial years and Anfield bosses insist the club remains highly profitable.
