Over the last four days, the potential sale of Liverpool to a China-backed group has given Reds-supporters hope of ending a frustrating Hicks-Gillett era. SB Nation Soccer editor Richard Farley understands a Kopite’s optimism.
Owed £325 Million, Royal Bank Of Scotland Could Take-Over Liverpool After October 6
According to reports out of England, the Royal Bank of Scotland, who is owed £325 million by Liverpool Football Club’s parent company, could take over the team come October 6.
With Kop Football Holdings unable to meet its loan obligations to the Scottish bank, RBS could elect to have its corporate restructuring team manage the club rather than put the club into administration, which would negatively impact the club’s potential sale due to an automatically imposed nine-point Premier League penalty.
Read Article >Kenny Huang, Liverpool, And The English Premier League’s Impending China Syndrome
Even now, their club having finished in seventh place, the unapproved plans for Stanley Park thrown into the basket with the umbrellas, the red half of Merseyside has reason for optimism. The sadness of losing their choice manager has been salved by getting the people’s coach, who then pulled-off the headline signing of the summer. Stevie G’s staying! ’Nando is staying! Yeah, Mascherano might go, but with the news that would-be owners are primed to bring the club’s investment in line with its stature, the darkest days may be behind LFC supporters.
For Liverpool fans, Jianhua “Kenny” Huang has become that next one, with news early this week identifying the Chinese-born businessman as the man leading Liverpool’s takeover. And that’s how Huang has approached the deal - as a takeover. Rather than approaching Hicks and Gillett and negotiating an inflated price designed to have the owners a payday (some reports have the owners demanding £200 million above the perceived market value), Huang went to Hicks and Gillett’s creditor’s, the Royal Bank of Scotland (RBS), with the idea of buying-out Liverpool’s outstanding debt, thus becomng Hicks and Gillett’s main creditor. With Liverpool having to work with RBS last year to restructure a debt they had trouble servicing, Huang’s could leverage the creditor’s role to gain control of the club.
Read Article >
