Most likely been asked several times before but!When RBS call in that loan and the Twanks can't pay up.Does that mean we defo go into the dreaded administration and get docked ? points ?
"Under the terms of American owners Tom Hicks and George Gillett’s latest refinancing agreement with RBS, the bank could force the insolvency of Liverpool in the event of default, putting the club in administration.
However, it is unlikely RBS would go down this route as it has no plans to hold Liverpool as a subsidiary and will try to maximise debt recoveries by selling the club at a knockdown price."
http://www.sportbusiness.com/news/181559/rbs-moves-liverpool-debt-to-its-restructuring-teamSo it's unlikely. That's why potential bidders are holding back. They want to buy Liverpool on the cheap, not the figure that those brain dead cu*ts valued the club at.
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