Source: Liverpool_Echo
Liverpool FC hopeful of avoiding Premier League points deduction
Anfield 300[LNB]* FOLLOW us on Twitter here for all the latest developments[LNB]LIVERPOOL have dismissed fears they could go into administration and be hit with a nine-point deduction.[LNB]Reports have suggested that if the court battle over New England Sports Ventures' proposed £300million purchase is not resolved by next Friday then the Reds could suffer the hefty points penalty.[LNB]However, sources close to the club insist that isn't going to happen and labelled stories to the contrary 'scaremongering'.[LNB] October 15 is the deadline for Tom Hicks and George Gillett to repay their £280m debt to the Royal Bank of Scotland.[LNB]If the sale of the Reds is not completed by then RBS could opt to call in their debt and put Kop Holdings, the parent company set up by the Americans to purchase the club in 2007, into administration.[LNB]That could lead to the Premier League taking action but it's highly unlikely to come to that. [LNB]Firstly, Liverpool are confident of winning next week's court case against Hicks and Gillett and having the takeover by NESV rubber-stamped.[LNB]Secondly, in the event of the court ruling in favour of Hicks and Gillett, Liverpool have various other plans in place and even if they fail it's not cut and dried that administration would follow.[LNB]Only RBS can take that decision and it's unlikely they would opt to go down that road. Under the terms of the lucrative deal struck with NESV, RBS stand to gain financially and they would risk that if they plunged the club into administration.
