According to a report in the Irish Independent, the Liverpool owners will repay £60 million to Wachovia and the Royal Bank of Scotland, as part of a condition concerning a refinancing package that has been agreed between the parties.
They will repay £40m this week, and repay the remaining amount later in the year. This will eventually reduce the initial debt to £230m.
Hicks and Gillett had a £350m loan that was set to expire last week. However, according to the recent reports in the certain tabloids, that amount had been reduced to £290m, and will come down by a further £60m as a part of the new agreement.
Ramez El Hajj
It will not matter at all, they are still not welcome.
YANKS GET OUT OF UR CLUB!!!!!!!!!!!!!!!!!!
And these Cowboys will reduce further our spending power in the transfer Market!
Why don’t they just stick to stuff they know a little bit about like rounders and netball!