Game Over For Owners Or Liverpool??

The pressure on Liverpool's
owners Tom Hicks and George
Gillett to find a buyer has
increased after it emerged the
American duo may struggle to
refinance their debts after an
October 6 deadline.
It is understood that the Royal
Bank of Scotland moved the debt
to be dealt with by their
restructuring team, which makes
it more likely they will demand
immediate repayment or instead
sell the debt to a third party.
That move could allow the third
party to effectively take control of
the club.
Hicks and Gillett bought Liverpool
in 2007 using loans of
£237million and their company
Kop Holdings' debts have now
spiralled to £361million.
They have been actively
searching for a buyer for six
months without success.
Last month Chinese businessman
Kenny Huang pulled out of talks
after considering a move, while a
Canadian-based Syrian investor
named Yahya Kirdi claimed he
represented a group interested
in buying the club.
Earlier this year Hicks and Gillett
rejected a £110million offer from
New York-based Rhone Group
for 40% of the club.
RBS's position over their loan
and its refinancing has
contributed to the reluctance of
interested parties to table formal
bids.
If the October deadline passes
and Hicks and Gillett do lose
control of the club, the price for
which Liverpool can be acquired
is likely to be less with the
Americans out of the equation.