RBS To Help Liverpool Avoid 9-point deduction?
Written by John Toher
Liverpool will avoid a nine point penalty if they fall under bank ownership next month. The Premier League will approve an Anfield takeover by the Royal Bank of Scotland if co-owners Tom Hicks and George Gillet don’t find a buyer or repay their debt by October 6.
The RBS has had power to seize the club before but there were concerns about league sanctions. Fans feared that if the Americans defaulted on their loans the club would be plunged into administration, leading to a nine-point deduction.
It looks therefore unlikely that there are any serious bids for the club on the boardroom table at this moment in time. It seems that most potential investors are in fact biding their time until the club is absorbed by RBS and only then will they make an offer substancialy less than the £600 to £800 million that Hicks is looking for.
Indeed, if RBS do takeover Liverpool FC, the dreaded Yanks will end up with nothing, something we should all rejoice in.
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OZ Red Rich
September 6, 2010 at 9:59 am
We can only dream that the deplorable ‘septic tanks’ get nothing. They are a disgrace and have shown that they have no idea about how to run a business. Come on RBS!!!!
Si
September 6, 2010 at 10:09 am
I and no doubt every other Liverpool fan, will pray for the day we see those two clowns walk away with nothing!! 🙂
rob
September 6, 2010 at 10:15 am
hopefully this is true and these two parasites walk away with nothing and to be never seen again
Dave
September 6, 2010 at 1:37 pm
I hate to say it but I am of the opinion that the ‘ yanks’ will keep the REDS.Hicks in particular has never had any intention of selling,he knows of the profits to be gained from the ‘near’ to the ‘far’ east.He will find some way of hanging on to LFC !
No doubt they have been paying off the loan with the excess from player sales! As a ‘ yank’ might say, ‘I’d bet my bottom dollar’ that LFC will remain in their hands !!!
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Derafanated
October 8, 2010 at 2:36 pm
“It looks therefore unlikely that there are any serious bids for the club on the boardroom table at this moment in time.”
Do you want fries with those words?
Football Talk
October 8, 2010 at 3:15 pm
This post was published weeks ago mate.