RBS Might Help Liverpool Avoid 9-Point Penalty

Liverpool will avoid a nine point
penalty if they fall under bank
ownership next month. The
Premier League will approve an
Anfield takeover by the Royal
Bank of Scotland if co-owners
Tom Hicks and George Gillet don’t
find a buyer or repay their debt
by October 6.
The RBS has had power to seize
the club before but there were
concerns about league sanctions.
Fans feared that if the Americans
defaulted on their loans the club
would be plunged into
administration, leading to a nine-
point deduction.
It looks therefore unlikely that
there are any serious bids for the
club on the boardroom table at
this moment in time. It seems
that most potential investors are
in fact biding their time until the
club is absorbed by RBS and only
then will they make an offer
substancialy less than the £600
to £800 million that Hicks is
looking for.
Indeed, if RBS do takeover
Liverpool FC, the dreaded Yanks
will end up with nothing,
something we should all rejoice
in.