Money matters

Liverpool close to vital refinancing?

June 24, 2009
By Phil Holland
The last few days have brought good news and bad news for Liverpool fans. The good news is that something approaching financial stability could be on the horizon amid reports that banking groups RBS and Wachovia are ready to refinance the £350m debt that was threatening the club.

The bad news, especially for those who want to see the back of co-owners George Gillett and Tom Hicks, is that the Americans don't appear to be going anywhere.

With a deadline of July 24 looming there ...

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