Liverpool owners get loans for stadium

[bazza76]

Atleast that is something that should be sorted.

Liverpool owners get loans for stadium

By David Bond
1:37am GMT 29/11/2007

The relationship between Liverpool manager Rafael Benitez and club owners Tom Hicks and George Gillett Jr may have soured again in recent weeks, but at least the Americans are now close to sealing a £500 million deal to refinance the club's new home and their takeover.

It is understood the club have clinched a deal with US bank Wachovia and existing backers Royal Bank of Scotland to help finance the move from Anfield to a new 61,000-seater stadium at Stanley Park.

Hicks and Gillett will use the new loans to refinance, at better interest rates, the £280 million they borrowed when they bought the club for £174 million in February.

Although the row between Benitez and the owners was over his transfer plans for the January window, Liverpool sources said the difficulty in negotiating the new financing was not linked to any restrictions on the Spaniard's transfer budget.

[MrMichael]

OMG, you mean they're taking a loan out to fund the stadium, they should have paid every single penny out of their own pockets, quick, grab the torches, time for an old-skool lynching

[Skillz]

OMG, you mean they're taking a loan out to fund the stadium, they should have paid every single penny out of their own pockets, quick, grab the torches, time for an old-skool lynching

No doubt we will have to read that from some. This is good news though.

[Iceman]

Its "A lets get ourselves out of the ****" press release

























lets try and make the fans love us again (George n Tom(

[AFII]

They have been close for weeks, what a **** article.

It doesn't even say if they will take the loan against the club. Just as Iceman said, an article trying to please the supporters.

[carlton]

I can understand if those 2 yanks have been a bit irritable lately. they are just about to borrow $1 billion U.S. Hopefully a bit if that will be for some summer investment-fat chance.

[Red11]

"A riot is an ugly thing!!"










"and it's about time we had one!!".....

[Maestro]

"A riot is an ugly thing!!"










"and it's about time we had one!!".....

[MrMichael]

^The latest Est1892 meetup^

[Maestro]

BURN THEM!!!

[Norbs]

Not being funny but I could get a loan to build a stadium, so could anyone. What's the point of getting a couple of rich guys to buy the club if they are going to borrow the money to pay for stuff. It seems a bit cock eyed.

Why couldn't Moores borrow the dosh to build a new stadium? If the stadium will bring in masses of extra income which will then in turn provide funds for a transfer kitty in addition to paying back the loan, it seems daft that we needed a change in ownership to achieve it.

[sonsofthedesert]

They have been close for weeks, what a **** article.

It doesn't even say if they will take the loan against the club. Just as Iceman said, an article trying to please the supporters.

Of course it will, that is the most tax efficient way, I also remember Parry saying to the media on the day of the announcement about the takeover that the ground costs would be secured against the club as this was the most efficient way.

[MrMichael]

Will you stop that... stop it. We're trying to hijack this thread

Now look. No-one is to stone anyone until I blow this whistle. Do you understand? Even, and I want to make this absolutely clear; even if they do say Jehovah.

[sonsofthedesert]

Not being funny but I could get a loan to build a stadium, so could anyone. What's the point of getting a couple of rich guys to buy the club if they are going to borrow the money to pay for stuff. It seems a bit cock eyed.

Why couldn't Moores borrow the dosh to build a new stadium? If the stadium will bring in masses of extra income which will then in turn provide funds for a transfer kitty in addition to paying back the loan, it seems daft that we needed a change in ownership to achieve it.

Because the club couldn't get it at that point.

[Guest]

Not being funny but I could get a loan to build a stadium, so could anyone. What's the point of getting a couple of rich guys to buy the club if they are going to borrow the money to pay for stuff. It seems a bit cock eyed.

Why couldn't Moores borrow the dosh to build a new stadium? If the stadium will bring in masses of extra income which will then in turn provide funds for a transfer kitty in addition to paying back the loan, it seems daft that we needed a change in ownership to achieve it.

Would Moores be able to guarantee a loan of £ 500m ?