Saturday, March 06, 2010

Liverpool Denies Reports Of New Deal

Liverpool have denied reports that the Abu Dhabi royal family are considering adding to their Premier League portfolio by buying the Anfield club.

Manchester City are owned by one member of the wealthy Al Nahyan dynasty, Sheikh Mansour, but Liverpool insist they have had no contact from the family.

And even if they did they would have to have any potential deal sanctioned by the Premier League, convincing them in the process that competition between City and Liverpool would in no way be affected.

Premier League chiefs do not believe that would pose a problem, however, with the suggestion being that family rivalry might even add an extra edge.

Three or four parties are said to be interested in acquiring a stake in the Merseysiders that will raise around £100m and help reduce the club’s current debts of £237m.

The Royal Bank of Scotland are demanding the cash before they will sanction a new refi nancing package.

New investment is crucial to dispel fears that the club can’t compete for major honours from the likes of Javier Mascherano, Steven Gerrard and Fernando Torres.

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