Liverpool owners seal re-financing deal
Monday, 27th July 2009
Liverpool’s American owners have refinanced £290m of debt with the Royal Bank of Scotland (RBS) and Wachovia Corp.
Tom Hicks and George Gillett had borrowed £290m from their available £350m credit facility, which expired last week.
However, they got a new agreement after pledging to pay back £60m of the outstanding debt.
After the deal is completed, the owners will have a £230m loan with the banks.
“It all depends on the terms,” said Sean Hamil, a lecturer at the University of London.
“They’ve got themselves some breathing space. But the bottom line is a loan is something you have to pay back.”
Jonathon Brill, a spokesman for the owners, said the duo would not release a statement while RBS and Wachovia both declined to comment.
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Does this mean good news?
Yank lieing scvm
Fucking yanks.They will sell the club before they have to pay back the full amount of the loan that has been taken out on the club.
Look what you’d done, Mr. Moore.
I miss DIC
They are robbing us… WTF is going on here…!!???
We need real owners who has real PASSION about the club… Not Money Laundering, Robbing Con-Artiest BASTARDS