Monday, October 11, 2010

Liverpool may not be sold

The sale of 300 million pounds of Liverpool a new U.S. owner is going to fail because of fears that the club could go into administration and to be stripped of nine points from the asset, writes the Daily Mail.

Candidate buyers the company New England Sports Ventures (NESV), currently still wants to take the club, but they are not ready to take the risk to pay a fortune for a team that is under threat to leave the top flight of English football.

The publication states that representatives of NESV not been left to believe that the president of the Liverpool Martin Broughton has the power to sell their club.

After dramatic transaction this week, these owners Tom Hicks and George Gillett have blocked the sale, complaining to the Supreme Court.

We recall that Liverpool has debts of 237.4 million pounds to its main lender Royal Bank of Scotland.

The Bank has set a deadline of Oct. 15 to refinance the debt, as otherwise you will be charged a penalty interest of 60 million pounds.

Blocking of the transaction by Hicks and Gillett in no event to help the club out of financial crisis and it is very possible the club falling into administration and to be stripped targets nine points from the asset.

Such a situation would not be unprecedented in English football. The same happened with the team of Portsmouth last year when the team fell into administration and then fell in the Championship, where he plays now.

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