Liverpool owners are back in business

14 May 2009 07:50
"I think there will be a negotiated settlement," Harris, speaking at the Soccerex forum at Wembley Stadium, said. "The only way banks can make money is to start lending again. The two banks RBS and Wachovia, have said they don't want to be involved in this kind of business and RBS are quite stretched. "But it's amazing how things look like they're about to fall apart and people come together." Harris tried unsuccessfully to find a buyer for Newcastle last year but has said there have been no further developments on that front. "It's not for sale at the moment. They're just assessing what happens - nobody can predict whether or not they will be in the Premier League," he said. "I don't think its necessarily more difficult to sell a club that is in the Championship though inevitably there would be discussion on price because the revenues are so different on the two." Harris believes Premier League clubs have suffered a slump in value of up to 20 per cent since the economic crisis struck. Harris said: "There is some renewed interest now. There's been a shocking fallow period but just like you are seeing investors putting money into property companies and banks, people are investing again in football clubs.

Source: Telegraph