Broughton To Land Bonus If Club Sold

Liverpool chairman Martin
Broughton has the incentive of a
£500,000 bonus if the troubled
Barclays Premier League club is
sold during his time at the helm.
British Airways boss Broughton's
deal with the club's despised
owners, Tom Hicks and George
Gillett, runs until next April, which
is now looking a more realistic
deadline to find a buyer than
next month's bank loan time limit
of October 15.
Bank and Liverpool sources say
the lucrative terms of
Broughton's deal, which are in
line with other City chairman
incentives, will in no way affect
his judgement in the hunt for
suitable long-term owners of
Liverpool.
Meanwhile, the way chief
executive Christian Purslow last
week distanced the board from
Hick's failed attempts to
refinance nearly £300million of
loans points to a new chapter in
the sale saga starting if Royal
Bank of Scotland and Wells Fargo
call in their monies next month.
Prospective buyers are hardly
likely to emerge until after then,
when they will have the
opportunity to buy the club at a
reduced price of around £300m
from the bank rather than give
the Americans the big profit on
their investment they are still
looking for.