Source: Liverpool_Echo
Liverpool FC facing five October Debt Day scenarios
George Gillett and Tom Hicks 300[LNB]WITH Liverpool FC continuing to struggle on the pitch, the battle for control off it is seen by many fans as vital to a revival in fortunes.[LNB]This month is regarded as crucial in settling the long-term ownership of the club with the expiry date for the Royal Bank of Scotland's £237m loan to Liverpool's American co-owners possibly less than a fortnight away.[LNB]The majority of fans hope an inability to pay off that loan will force Tom Hicks and George Gillett out of Anfield, allowing a new owner to take the club forward, hopefully with that crippling debt removed.[LNB]But there is a fear Tom Hicks could even raise extra finance to take over the club on a solo basis, regardless of the sever reservations of the rest of the LFC board.[LNB] Today, we examine the five potential scenarios which could soon unfold at Anfield. You can also vote on which of them you want to happen, and which is most likely, by clicking here.[LNB]Some finance experts envisage that the October deadline could pass without any firm resolution about the Reds' future established.[LNB]James Dow, a partner in the northwest accountancy firm Dow Schofield Watts who has advised Barcelona and Celtic, described Liverpool's predicament as a 'stand-off.'[LNB]And he predicted it may take many more months for the ownership to be clarified, possibly dragging the uncertainty even until summer, 2011.[LNB]Mr Dow told the ECHO: 'If Hicks can find finance, I don't think any lack of support from the board will make a difference.[LNB]'But for now, a deal isn't happening as there's a stand-off going on.[LNB]'Liverpool are in a no-man's land.[LNB]'But ultimately, this could drag on and on, and not even be resolved until next summer.'
