British Premier League football club Liverpool, put up for sale by its US owners last month, has been granted an extension on its debt pile under a deal brokered by its new chairman, the Sunday Times reported.
The newspaper said a minimum 12-month extension had been granted on 237 million pounds ($367 million) of loans from Royal Bank of Scotland, giving loss-making Liverpool until the end of next season to pay back the debt. The latest extension was arranged by Martin Broughton, the British Airways chairman brought in to oversee the club's sale, as part of the terms of the new job, it added.
Comments
Comments are closed.