Investment banker Keith Harris believes that Liverpool fans should not be too concerned by reports the club could go out of business.
Owners Tom Hicks and George Gillett lost £42million last year, mainly through interest payments on the £350million loans taken out when they bought the club.
With a July 24 deadline looming to refinance those loans, Liverpool's accountants this week warned there is "significant doubt" about the parent company's ability to remain as a going concern.
"That is statement is one that is issued as a warning to the shareholders, and I would have thought in this case that the two shareholders are perfectly well aware of the situation at the club. It's serious but it's a warning to the shareholders," said Harris.
Rather than go out of business, Harris said Hicks and Gillett are realistically facing three owners: to sell up; find additional funds by selling other assets; or sell players to make up the shortfall.
Harris admitted the last would be "the most dire" as far as fans are concerned, and added: "I think that whatever happens, Rafa Benitez's manoeuvres in the transfer market will be restricted."
Owners Tom Hicks and George Gillett lost £42million last year, mainly through interest payments on the £350million loans taken out when they bought the club.
With a July 24 deadline looming to refinance those loans, Liverpool's accountants this week warned there is "significant doubt" about the parent company's ability to remain as a going concern.
"That is statement is one that is issued as a warning to the shareholders, and I would have thought in this case that the two shareholders are perfectly well aware of the situation at the club. It's serious but it's a warning to the shareholders," said Harris.
Rather than go out of business, Harris said Hicks and Gillett are realistically facing three owners: to sell up; find additional funds by selling other assets; or sell players to make up the shortfall.
Harris admitted the last would be "the most dire" as far as fans are concerned, and added: "I think that whatever happens, Rafa Benitez's manoeuvres in the transfer market will be restricted."
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