Tom Hicks will strike a blow for his troubled Liverpool reign by announcing a £350million refinancing deal and unveiling detailed plans for a new stadium at nearby Stanley Park.
After weeks of uncertainty over whether the new funds could be secured and with the deadline for repaying an initial loan for the purchase of the club only a fortnight away, Hicks is convinced he is in a position to confirm a key breakthrough for himself and co-owner George Gillett.
Under the deal, around £190m will be taken on by Kop Investment, the holding company set up by Hicks and Gillett immediately after last year's takeover, rather than the whole amount being added to Liverpool's debt.
The Americans agreed to the split after being lobbied by former chairman David Moores and chief executive Rick Parry, who were anxious to prevent such a burden being placed on club finances.
Their stance was a key reason for completion of the restructuring arrangement taking so long, but the go-ahead from the Royal Bank of Scotland and U.S. investment bank Wachovia is imminent.
While Hicks and Gillett hope the latest development will underline their determination to retain control, there was a further setback for Rafa Benitez ahead of Saturday's FA Cup fourth round tie with Havant and Waterlooville.
Already reeling from a fourth Barclays Premier League draw in a row, the Liverpool manager has had to add striker Andriy Voronin and defender Alvaro Arbeloa to a lengthening injury list.
Voronin twisted an ankle in training on Wednesday while Arbeloa is facing three weeks on the sidelines after suffering an abdominal strain in Monday's2-2drawwith Aston Villa.
There are also fears that centre back Daniel Agger may not play again this season after heading to Spain for treatment on a persistent metatarsal problem.
After weeks of uncertainty over whether the new funds could be secured and with the deadline for repaying an initial loan for the purchase of the club only a fortnight away, Hicks is convinced he is in a position to confirm a key breakthrough for himself and co-owner George Gillett.
Under the deal, around £190m will be taken on by Kop Investment, the holding company set up by Hicks and Gillett immediately after last year's takeover, rather than the whole amount being added to Liverpool's debt.
The Americans agreed to the split after being lobbied by former chairman David Moores and chief executive Rick Parry, who were anxious to prevent such a burden being placed on club finances.
Their stance was a key reason for completion of the restructuring arrangement taking so long, but the go-ahead from the Royal Bank of Scotland and U.S. investment bank Wachovia is imminent.
While Hicks and Gillett hope the latest development will underline their determination to retain control, there was a further setback for Rafa Benitez ahead of Saturday's FA Cup fourth round tie with Havant and Waterlooville.
Already reeling from a fourth Barclays Premier League draw in a row, the Liverpool manager has had to add striker Andriy Voronin and defender Alvaro Arbeloa to a lengthening injury list.
Voronin twisted an ankle in training on Wednesday while Arbeloa is facing three weeks on the sidelines after suffering an abdominal strain in Monday's2-2drawwith Aston Villa.
There are also fears that centre back Daniel Agger may not play again this season after heading to Spain for treatment on a persistent metatarsal problem.
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