Though it has been known for several months that MD Christian Purslow is seeking cash by selling equity to alleviate Liverpool's £237m debt, only yesterday, in the published minutes of a recent meeting between Purslow and the club's Spirit of Shankly (SoS) fans' group, bankers Wachovia and Royal Bank of Scotland's (RBS) express "requirement" of the new cash become clear.
The deadline for securing the £100m is July – when Hicks and Gillett must refinance their debts once again. Fail to find the cash and the Americans will be out of Anfield after a rocky and largely unhappy three years on Merseyside. The consequences of that for Liverpool could be defining ones – conceivably a fire sale of the club similar to the one which West Ham United have just undergone, with the attendant loss of money, elite players and status as a top side.
The deadline for securing the £100m is July – when Hicks and Gillett must refinance their debts once again. Fail to find the cash and the Americans will be out of Anfield after a rocky and largely unhappy three years on Merseyside. The consequences of that for Liverpool could be defining ones – conceivably a fire sale of the club similar to the one which West Ham United have just undergone, with the attendant loss of money, elite players and status as a top side.
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