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| Anfield (uploaded by comedy_nose on Flickr) |
A group of Canadian and Middle East businessmen headed by Yahya Kirdi are reportedly close to buying Liverpool from current owners George Gillett and Tom Hicks. Liverpool is in massive debt, owing the Royal Bank of Scotland around £237 million. Here is Kirdi on the negotiations (all quotes aquired from BBC.com):
"Agreement has been reached on all major terms including the purchase price, repayment of the existing bank debt and financing of a new stadium in Liverpool's Stanley Park.
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A formal purchase agreement between the parties is in the final stage of negotiation. With additional money to improve the squad and financing in place to build the new stadium, LFC will be on a solid foundation to compete in the Premiership and in Europe for years to come."
A change of ownership is imminent at Liverpool, not only because of the debt, but also because of the planning of a new stadium. Whoever takes over the team will more than likely pay off the debt and finance the new stadium, but how much will that leave them to pay their players as they try to recover from a disappointing campaign last year?
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