Source: Liverpool_Echo
RBS sets six month deadline for Liverpool FC sell off
LIVERPOOL FC'S American owners are set to be given another six months to find a new buyer for the club.[LNB]The Royal Bank of Scotland is expected to extend a deadline on Liverpool FC's outstanding loan, taking the pressure off owners Tom Hicks and George Gillett - and avoiding the need for a rapid 'fire' sale.[LNB]The move to ease the financial burden on the club's two American owners will buy them valuable time in their bid to find a buyer, though is unlikely to please fans who want them out.[LNB]Liverpool has outstanding loans of £237m and its lenders, Royal Bank of Scotland (RBS) and American bank Wachovia, had demanded a £100m repayment by this July.[LNB]But the ECHO understands moves are under way at RBS to extend the deadline by up to six months, allowing the club time to seek new investment.[LNB]Weekend reports claimed that Premier League sponsor Barclays Bank was set to make a shock intervention and provide a refinancing package that would replace Liverpool's current lenders and eventually lead to a sale of the Anfield club.[LNB]This is not the case.[LNB]But this week the Americans should officially confirm the club is up for sale and that they want to sell it all rather than keep a stake themselves.[LNB]The club has appointed Barclays Capital to lead the search for new investors to buy the business and fund the development of its proposed new stadium in Stanley Park.
