Fans Still Hope To Buy Liverpool

ShareLiverpoolFC founder Rogan Taylor has not given up hope of buying Liverpool in a joint venture with fans' group the Spirit of Shankly.

Liverpool's American owners Tom Hicks and George Gillett received a 12-month extension on £350m worth of bank loans secured against the club last week.

But Taylor told BBC Radio Merseyside: "It's another season and it will have to be restructured again.

"It costs you a lot of money when banks do this for you."

Taylor, a football academic at the University of Liverpool, is not convinced the renegotiation of debt between the American owners, the Royal Bank of Scotland and Wachovia is a good thing.

"Debt is being added to debt and that's a deeply depressing situation for Liverpool fans," said Taylor.

Taylor believes the concept of ShareLiverpoolFC, where fans would pay £500 for one share and run the club along the lines of FC Barcelona, is a viable alternative.

"The ShareLiverpoolFC - Spirit of Shankly proposal offers an opportunity to get the club on a firm basis.

"If the club was considerably less in debt and had a firm, long-term basis for paying back what debt there was in it, borrowing the money to build the stadium wouldn't be a particularly difficult issue."

Taylor's initial proposal sought Liverpool fans willing to pay £5,000 for a single share, which has since been reduced to 10% of that figure.

Questions have been raised about the viability of a fans' takeover on such a large scale but despite the doubters, Taylor is adamant it can be done.

"It's a one-off piece of Liverpool FC through ShareLiverpoolFC," he said.

"Nobody will ever own more of it than you do, now that's got intrinsic value hasn't it?

"Because these are not simple issues it's sometimes difficult for people to grasp," said Taylor.

Liverpool Look To Cattermole & Turner As Xabi Alonso Nears Real Madrid

Reports from the UK indicate that Real Madrid are nearer than ever to realising their ambition of signing Xabi Alonso from Liverpool, who in turn have already singled out the midfielder's potential replacement.

The Reds and the Blancos have refused to budge from their respective valuations of the Basque star all summer, but it is thought that a middle-ground figure of around €34 million could be agreed by the weekend.

Alonso's departure would leave a sizeable hole in Liverpool's midfield, given the enormous impact he had last season, and recent reports have suggested that Roma's Alberto Aquilani could fill the void.

However, it would seem that Rafael Benitez - who has stated that he wants Xabi to stay put - will turn to English alternatives if his prized playmaker returns to his homeland.

The Reds were briefly linked with Lee Cattermole in the not-too-distant past, and now The Daily Mail claims that they could use part of Alonso's transfer fee to fund a £12m bid for the Wigan Athletic youngster.

Furthermore, the newspaper suggests that Benitez will attempt to bolster his back line by offering Hull City £5.5m for their star centre-back, Michael Turner.

The Latics have already knocked back an approach for Cattermole from Steve Bruce's Sunderland, while Tigers boss Phil Brown has stated that the club won't consider anything less than a "ridiculous bid" for Turner.

Liverpool In Negotiations With Roma For Alberto Aquilani

Liverpool are in negotiations with Roma concerning the potential switch of Alberto Aquilani to Anfield, adding further fuel to the speculation that Xabi Alonso is set to depart the club soon.

Reds manager Rafa Bentiez has reportedly told Alonso, who continues to be linked with Real Madrid, that he must get his future sorted out by the end of the week, but it seems a possible replacement for the Basque has already been lined up.

British broadsheet newspaper The Guardian claims that Liverpool are in talks regarding bringing Aquilani to England, as Benitez is under pressure to find a replacement for Alonso quickly, as the English season begins on August 15.

A possible price tag of £16 million for the 25-year-old has been mooted in some quarters, with Roma hinting last week that they would be prepared to sell the player should the right offer come in.

Dossena Move On Hold

Liverpool defender Andrea Dossena's proposed move to Napoli has been delayed due to the player's wage demands.

The Reds have accepted a £4million offer for the Italy international, who failed to make an impact in his debut campaign in England.

Napoli sporting director Pierpaolo Marino insists there will be further talks with the full-back, but his £2million-a-year salary at Anfield is a problem.

Marino said: "Dossena? We have taken a break in order to reflect on this. The move is therefore on hold.

"There are no immediate prospects. The president [Aurelio De Laurentiis] has spoken to [Rafa] Benitez, but there is some distance with the player."

Liverpool FC Teenager Victor Palsson’s Shock And Awe To Play Alongside Steven Gerrard

Icelandic teenager Victor Palsson was so overawed to be playing alongside Steven Gerrard last week he had to ask the Liverpool star if he minded him being captain of the reserves.

Palsson, 18, only joined Liverpool in January from Danish side Aarhus and looks set to be installed as the skipper of the Anfield club’s second string this season. He held on to the armband on Tuesday night when he captained the side to a 1-0 pre-season friendly victory at Cambridge United.

But when Gerrard turned up last week at short notice following his court case to play in the second string’s 2-2 draw at Tranmere, Palsson was not sure how to react.

The Iceland under-19 said: “It was all a bit of a surprise, we were all excited. But when Steven Gerrard turned up in the dressing room I felt I had to ask him whether he minded that I was to have the captain’s armband and not him.

“(Reserve team manager) John McMahon wanted me to do the job, and Steven was very good about it and told me to get on with it.”

The midfielder added: “Playing alongside him was a great experience, he was talking to me and helping me all the time.”

Palsson is rated highly at Liverpool, as is Argentinean starlet Gerardo Bruna, the former Real Madrid player scoring the winner at Cambridge.

The reserves’ next game is a friendly away to Notts County tomorrow.

Albert Riera Determined To Improve At Liverpool This Season

Liverpool winger Albert Riera is looking to build on his impressive displays at the club last season, and to improve once more over the forthcoming season, now that he has fully acclimatised to English football.

Riera played 40 games for the Reds last season, scoring five goals, and the 27-year-old is hoping to help the Merseysiders go one better than their runners-up spot last season, and end the long wait for a league title, with the team's results against the 'big four' last season showing that they were capable of doing so.

"I always think I can be better, but I think for my first season at Anfield I did okay," the Balearic Islander told 'Pool's official website.

"It's never easy for a player moving to a new club. Adapting wasn't as difficult for me because I'd been in England before. I can improve and I have to. I know that and I will be trying to do that in the new season.

"The Champions League and Premier League are massive and I enjoy taking part in them. The fact that we had some terrific results against good opponents obviously helps. We did well against United, Chelsea, Arsenal and Real Madrid, home and away.

"The only real disappointment in those big games came when we faced Chelsea at home in the European Cup. Apart from that, the other results show that we are a good team and are ready to fight for the title. We were able to go away from home against top sides and do well. That's what you need."

Riera also asserted that he feels Rafa Benitez's side do have the mentality to handle the pressure of a title challenge, despite many observers feeling that they choked slightly when the heat rose in last season's race for the Premier League crown.

"I realised straight away when I came here that the mentality was different to what I'd experienced. It is a winning attitude and that means pressure is no problem for us," he add.

"I think you always have to improve, all of us. You do that by working harder. I'm sure we will all be doing exactly that."

Krisztian Nemeth Hoping For Liverpool Breakthrough This Season

Liverpool striker Krisztian Nemeth is optimistic that his good showing in the Reds' pre-season tour of Asia is an indicator that he is set to make an impression on the Anfield first team this year.

Nemeth has attracted plaudits for his performances in the Reds' pre-season fixtures, and capped his tour of Asia by bagging a brace in the side's 5-0 drubbing of Singapore.

After spending much of last season on the sidelines following good performances in the title-winning Liverpool reserve team in 2007-08, the 20-year-old now hopes he can move things up a level in the season to come.

"Last year I was injured - I hope this year will be better," the player told the Reds' official website.

"I am young and I have been learning every day out here. The Singapore game was very good after two weeks' hard work. Every day we've had two training sessions - it's been really hard.

"But we showed in this game that we are getting fit. We enjoyed it.

"Dirk [Kuyt] gave me two very good passes and I was happy to score. I'm happy, I've enjoyed myself and the fans in Asia have been unbelievable."

Real Madrid Complete Alvaro Arbeloa Transfer From Liverpool

Real Madrid have confirmed on their official website that they have reached an agreement with Liverpool for the transfer of Alvaro Arbeloa.

The full-back will sign a five-year contract after successfully passing his medicals on Wednesday.

Dr. Carlos Diez, who administered the examinations which included blood and urine tests as well as electrocardiogram, radiology and musculoskeletal scans, said, “He’s been subjected to a standard examination.

“The results of every test are very satisfactory. He’s delighted about playing for Real Madrid. It’s always been his dream and he can’t wait to join his team-mates.”

Meanwhile, Liverpool released a statement on their own website confirming that Madrid will pay ₤3.5 million, or €4m, for Arbeloa, but did not elaborate on how the payment will be made, considering it was the only stumbling block prior to the agreement.

The 26-year-old is the third player from the Madrid youth academy to be brought back to the Santiago Bernabeu this summer, after Alvaro Negredo and Esteban Granero.

Liverpool Set Focus On Youngsters

Liverpool reserve-team manager John McMahon says the club are aiming to develop more players capable of breaking into the first team.

Current Reds skipper Steven Gerrard was the last notable player to graduate from reserve and youth level and hold down a regular first-team place.

"The total aim is to produce players to play in Liverpool's first-team," he told BBC Radio Merseyside.

McMahon replaced former reserve coach Gary Ablett in June.

"There's a big squad and obviously everyone's not going to get games, so some players will be looking to go out on loan," he added.

McMahon, who is the younger brother of former Liverpool midfielder Steve, joins the Liverpool coaching team after a successful three-year spell at Shrewsbury Town.

He initially worked as number two to Gary Peters at the League Two club before assisting current manager Paul Simpson.

In his time at the New Meadow he helped Shrewsbury reach two League Two play-off finals, but now he is at Anfield McMahon knows the priorities of his job have changed.

"Everyone's here for the same thing," he said. "From the academy right through to the reserves, and that's producing players for the first-team."

McMahon was brought in as part of a number of backroom changes at Anfield this summer, which has also seen former boss Kenny Dalglish take up a senior role at the club's academy.

McMahon is joined in the dug-out by former Tranmere Rovers goalkeeper John Achterberg.

The two men worked together at Prenton Park when McMahon, who was then a youth-team coach at Rovers, took up the role of caretaker manager following the departures of Ray Mathias and Brian Little.

And McMahon is delighted to be linking up with the Dutchman again.

"John's a great character and a workaholic so it's a great appointment for Liverpool Football Club," he said.

Mark Lawrenson: Selling Xabi Alonso Will Not Ruin Liverpool FC's Title Bid

Those fans in Thailand certainly made their feelings clear to Xabi Alonso on the issue of whether they wanted him to stay at Liverpool or not.

And they were right in urging him to make a decision. But what they don’t realise is, it doesn’t matter what he says either way.

If he stays, great. He proved last season that he can rise above all the transfer talk and deliver top class performances.

If he goes? Well, all I would say is, if you’re going to go, go now.

The disruption caused by Alonso’s departure can be minimal but only if the saga isn’t allowed to drag on, certainly not into the new season.

The last thing Rafael Benitez needs is the type of scenario Arsenal had for years with Patrick Vieira, one of those tedious ‘is he, isn’t he?’ situations.

If Real Madrid want him so much then and the player wants to join them, the deal should be pushed through as soon as possible.

Because I don’t think selling Alonso will have a detrimental effect on any potential title challenge for next season.

The existing players won’t be affected. They have the confidence and belief that they can challenge Manchester United and will carry that into the new campaign regardless.

Selling Alonso might give the supporters a bit of a headache on how the manager replaces him – but I actually think it gives Benitez the opportunity to make his side a more potent attacking threat.

I know Benitez has previously denied interest in David Villa but this player, or someone of his ilk, would be ideal I think, once the money from any sale of Alonso is being splashed around the market.

I see absolutely no problem with Steven Gerrard dropping a hit deeper to allow a top quality striker – especially one with Villa’s understanding of Torres’s game – to add more firepower.

It’s all very well asking Gerrard to play as the back-up forward to Torres, but what happens if the Spaniard’s injury problems resurface?

Who have Liverpool currently got who can have the same impact?

Benitez might be happy with the form being shown by some of his squad strikers in this pre- season, but then David Ngog proved last year that it doesn’t necessarily translate into the real business. Krisztian Nemeth might have looked good in scoring twice the other day but this was a friendly.

It wasn’t ultra competitive and the opposition was sub-standard anyway, so it doesn’t mean he’s ready.

And if Benitez is so pleased to have “one of the best players in the German League” back in his squad, why did he let Andriy Voronin go in the first place? Because he can’t cut it, that’s why.

So I would say, let Alonso go now, take the money and, while there’s still plenty of time, spend it on someone who can turn those draws – so costly in last season’s final analysis – into victories.

Alonso might be the best passer at the club but even he hasn’t got the attacking prowess to be a genuine match-winner.

So it’s time to cash in and get someone who is.

Reds Close To Winning Xabi Alonso Battle

Real Madrid president Florentino Perez claims he is ready to walk away from his summer-long pursuit of Xabi Alonso – because Liverpool won’t play ball!

Reds boss Rafa Benitez has refused to budge from his £30million valuation of the Spanish international.

But that is way above Real’s estimation and Perez insists that despite his club’s massive outlay on the likes of Cristiano Ronaldo and Kaka this summer, they will not pay over the odds for any remaining targets.

“Some people obviously thought that because we said we wanted more Spanish players, they could ask for fees which don’t correspond to reality,” he said.

“A year ago, certain players we’ve asked about would have cost less than half the price we’re being quoted now.

“If necessary, we’ll find the Spanish players we would like for the squad in our youth system.”

Then, in a strong message to Liverpool, Perez added: “We made huge attempts at the start to sign players who had won the Ballon d'Or or the World Footballer of the Year award.

“But the arrivals of Kaka and Cristiano Ronaldo have confused some people who obviously thought that, because we said we wanted more Spanish players, they could ask for fees which don't correspond to reality.”

Perez also suggested any deal for Alonso would be dependent on the club selling a number of their players deemed surplus to requirements.

He continued: “We brought in a lot of players, our prime objectives, at the start and now we have the absurd number of 29 players in our squad, when we can only register 25 for the league.

“It has been more difficult than we expected encouraging players to look at other options. At this point, for a player to arrive, at least one would have to leave.

“There is a financial element to that, but it is mainly a technical one. We cannot have so many players who would not have chance to play. It has to be one in, one out for us at the moment.”

Benitez is adamant he will not lower his asking price, and Alonso’s reluctance to publicly state his desire to quit Anfield has left the Reds holding all the aces during negotiations.

Agent: Reds Accept Dossena Bid

Andrea Dossena's prospective Anfield exit is a step closer after Liverpool accepted an offer from Napoli, according to the defender's agent.

The Italy international is believed to be keen on a return to Seria A after struggling to make an impact in England following his move from Udinese last summer.

Reports suggest Napoli's offer is in the region of 5million euros (£4.3m), a significant loss on a player boss Rafael Benitez paid 10million euros for just twelve months ago.

Representatives of the left-back have suggested the offer has been accepted and Dossena is expected to complete the move later this week.

"Liverpool have accepted (Napoli chairman) Aurelio De Laurentiis' offer," his agent told Radio Kiss Kiss.

"It's now just a matter of days. The two clubs are in agreement, Liverpool accepted Napoli's offer but I can't say any more.

"With regards to Andrea there are no problems, it's only a matter of days. As soon as Napoli call us, we will finalize it."

Pepe Reina: Liverpool Must Be More Consistent

Liverpool goalkeeper Pepe Reina has echoed a refrain which is becoming increasingly common around Anfield in recent months, and asserted that the Reds must discover the means to be more consistent if they are to end the club's long wait for a league title.

It is 20 years since the Mersey men were last crowned champions of England, and the Spanish keeper believes that recording better results against those sides lower down the Premier League table is the crucial factor in finding the few extra points the Reds require in order to wrest the Premier League crown out of the hands of fierce rivals Manchester United.

Liverpool managed an impressive set of results against the other 'top four' sides last season, but often struggled against so-called 'lesser' teams, recording a run of draws against the likes of Stoke City, West Ham United and Wigan Athletic that did irreparable harm to their bid for last season's league title.

Reina is convinced that such a record requires drastic improvement if Rafa Benitez's men are to be triumphant over the course of the coming campaign.

"To get 14 points out of 18 against the top three - they are numbers which are not very common," he told Sky Sports News.

"So sometimes you win [games] between the top four or the top five, but the thing is we have to win against the bottom ten."

Liverpool Can End Long Wait For A Premier League Title - Yossi Benayoun

Liverpool winger Yossi Benayoun has asserted that Rafa Benitez's side is now strong enough to end the Anfield outfit's long wait for a league title, and will bring the Premier League crown to Merseyside this season.

Twenty seasons have passed since the Reds' last league championship win, and Liverpool supporters have - in that time - been forced to watch as their bitter rivals from the other end of the East Lancs Road, Manchester United, have enjoyed domination of the domestic crown.

Nevertheless, the Israeli international feels that with a little self-belief, Benitez's team can push on and finally end the drought come next May.

"The Premier League is very strong," he told Sky Sports News. "It's still Manchester [United], Chelsea and Arsenal, and Manchester City are getting stronger, so we know it's going to be difficult.

"But we believe in ourselves. We just to get better and to try to improve all the time and I think we have a good chance."

Liverpool flew home today after completing their tour of Asia with a 5-0 rout of Singapore at the weekend.

Liverpool Have Returned Stronger From Asia - Jamie Carragher

Jamie Carragher believes that Liverpool's pre-season tour of Asia, where they experienced high temperatures and humidity in their fixtures, has been a valuable exercise, and has improved fitness and strength levels in the squad.

"The main thing at this stage is getting fitness and coming out here and playing in these conditions has definitely helped," the talismanic defender told the club's official website.

Liverpool concluded their tour with a 5-0 thrashing of Singapore on Sunday, a result which followed a 1-1 draw with Thailand, allowing them to end on a high note after a frustrating run of results in their pre-season so far.

"Having not won any of our first three games it was nice to get a win and score a few for the supporters," Carragher added.

"It was just a great way to end the trip. It's been brilliant and the support we have here is just amazing. It has grown even more since the last time we were here."

The Reds also collected some silverware from the trip, with the win over Singapore meaning that Carragher, as stand-in skipper on the tour, was presented with the Merlion Cup.

The former England international is hoping that club captain Steven Gerrard is given plenty of opportunity to emulate that feat in the coming season, with Carragher hopeful that the club can bring some trophies back to Anfield.

"Hopefully Stevie will be the one picking up trophies when the real stuff is handed out in 10 months," he concluded.

Steven Gerrard's Wife Alex Curran Declares Liverpool Too 'Rough' For A Night Out

Steven Gerrard’s wife Alex Curran has risked angering the whole of the city her husband plays football for by declaring it ‘rough’.

The party animal WAG from Aintree, Merseyside, says she doesn’t go out in Liverpool nightclubs anymore because they ‘attract the wrong type of people’.

The 26-year-old’s comments, made in a magazine interview, come just as she and Liverpool captain, Gerrard, were spotted enjoying a night out in London, and days after he was cleared of affray.

In an interview with new! magazine, she said: “It's not the same any more. To be honest, it's rough.

“Everywhere new that opens attracts the wrong type of people. It's not nice, so I haven't bothered to go out.”

The comments are bound to upset Liverpudlians who are famously proud of their home town.

Last week Gerrard – who married Alex in June 2007 - was acquitted of assault after a five-day trial at Liverpool Crown Court.

Gerrard, 29, admitted he repeatedly punched a man in a drunken row over music being played at the Lounge Inn, in Southport, leaving him with a black eye, a missing tooth and a head wound that required stitches.

But the midfielder insisted he punched 34-year-old Marcus McGee in self-defense, saying he thought he was about to be attacked.

The jury accepted his version of events after an hour of deliberations.

The judge told the £5million-a-year player that while he had been 'unwise' to pursue the 'trivial' dispute over what songs were played during a night out, he left the dock with his reputation intact.

The footballer was applauded by fans who also shouted 'Come on Rocky' as he emerged from court in the clear.

The charge had carried the threat of a three-year prison sentence which would have been a crushing blow to Gerrard's playing career as well as his lucrative endorsement deals.

Rafa Quiet On Alonso

Rafa Benitez remained tight-lipped when quizzed on whether his side's 5-0 defeat of Singapore on Sunday represented Xabi Alonso's last appearance in a Liverpool shirt.

The Spanish midfielder, publically courted by Real Madrid all summer, came on for the final 13 minutes for his first pre-season appearance.

Benitez has repeatedly stated his intent to keep Alonso at Anfield but when asked if the player would still be in England next season, he felt the question would be better directed at the 27-year-old.

"It's a question that you have to ask him," he said.

"Honestly, we've been talking about this for two months but I think that it is a question for him and not for us.

"He has three years on his contract and we know he is a great player - that's why we signed him and renewed his contract. So you have to ask him."

Benitez declared himself delighted with his team's performance in the final game of their tour of Asia and was especially pleased with the promise shown by 20-year-old Krisztian Nemeth.

Nemeth came off the substitutes' bench to score twice in the Lion City and has clearly made a favorable impression on his manager.

"He was really good two years ago for the reserve team, scoring a lot of goals but last year he had some problems with injuries," added Benitez.

"But he showed today that he's a good finisher and a player with a future.

"It depends on the players always. If they're knocking on the door and they knock really hard, then I have to hear. This is important and it depends on them."

Benitez insisted that he will be leaving Asia with happy memories.

"The fans have been amazing and it felt for us like we were back at Anfield," he said.

"People here have been treating us with a lot of respect and you can see the passion. Sometimes you say it's too far (to travel to Asia) and you have one week away from your families but you can see the faces of the fans and you feel good to be out here.

"When you've got fans saying that they've been waiting eight years to see you, you have to be pleased to be here."

Such is the passion for the club in Asia that Benitez believes his side will enjoy a significant advantage if the Premier League ever manages to get its plan to play a 39th game in the region off the ground.

"We normally play around 60 games a year so if were to play more games, it would have to be organized properly. But it's not our decision - the coaches and managers have to prepare the teams so it depends on other people.

"But if we have to play with these fans behind us all the time, it will be like playing at home."

Dossena In Talks Over Napoli Switch, Says Agent

Andrea Dossena’s agent says the Liverpool FC defender is keen to sign for Napoli and that the two clubs are in negotiations.

Dossena only moved to Anfield last season from Udinese but has failed to settle in and is likely to find himself even more surplus to requirements following the arrival of Glen Johnson on Merseyside.

The Italy full-back is reportedly keen on a return to Serie A and would welcome a move to Napoli who finished 12th in the league last season.

"We want to close the deal, we will reach an agreement," Federico Pastorello told TuttoNapoli.net. "Napoli’s offer is five million euros (£4.3million) plus bonuses.

"It’s a deal the two clubs are sorting out, we’re waiting for news.

"Napoli know how much Andrea earns, a significant sum, but less than two million.

"Our intention is to reach an agreement. We will not even have a problem with giving up image rights.

"The player is currently in Singapore with Liverpool, he is also awaiting news.

"Although he loves being at a great club like Liverpool, he would welcome the opportunity to join Napoli with great enthusiasm."

A stumbling block could be Liverpool FC’s reluctance to accept a bid of half the 10million euros (£8.6million) they paid for the 27-year-old barely 12 months ago.

Hicks And Gillett Refinance Liverpool FC Bank Loan

Liverpool FC’s American owners have concluded a deal re-finance the bank loan they took out to buy the club in 2007.

Co-owners Tom Hicks and George Gillett are not expected to issue a statement, but the deal is believed to be for another year and will involve them paying back £60m of the original debt.

Negotiations between the Royal Bank of Scotland, Wachovia and the owners have continued for months the worldwide credit crunch has made them tortuous.

There has been real fear that the banks would call in the loan, while both Hicks and Gillett have searched for someone to take a minority stake in the club for around £100m to no avail.

But a source close to the owners has confirmed that the deal has now been concluded, and before last weekend’s deadline for re-financing the package expired.

The owners have reduced the £290m they owed to £230m, with £60m being repaid, half immediately.

Hicks, 63, and Gillett, 70, purchased Liverpool in 2007 for £174m, taking on £44.8m of liabilities.

At the time they maintained that financing the debt would not fall on the club. But that attitude changed, and Liverpool now have to find around £40m a year to service the debt, a situation that has enraged fans’ groups and impacted on boss Rafael Benitez’s transfer budget.

The owners have also failed to find the money to build the club’s new stadium with preliminary work on the Stanley Park venture halting during last season.

Extra cash for the stadium "did not form part of any discussions" claimed the source, although there is still a projected date for completion of 2012.

In the run-up to the new deal being concluded, Gillett has sold his 80% stake in the Montreal Canadians ice hockey club for US dollars 580million (£350million), while Hicks is trying to off-load the Texas Rangers baseball team.

It is Hicks who has seemingly experienced most difficulty in coming up with financial backing of late, and he recently defaulted on interest payments on a US dollars 515m (£312million) loan in the States recently.

Prior to the current credit crunch, loans of the size Hicks and Gillett took for Liverpool would be expected to re-financed over three or five years.

But City sources doubt this new deal would be for more than a year in the current climate.

Hicks and Gillett had a one-year arrangement when they first bought the club, and then negotiated another year with a six-month option.

They were granted that option, which expired at the weekend. But critics, particularly fans’ groups, will see this new agreement as just papering over the cracks of a regime that has not been able to take the club forward in the face of tough financial competition from Chelsea, Manchester United, the Spanish giants of Real Madrid and Barcelona, and now Manchester City.

Rogan Taylor, spokesman for the ShareLiverpool group who re-launched their own takeover plans last week for, in effect, a fans' co-operative, said: ``The deal we are hearing about for the re-financing of the Americans' loans is really what we expected.

"These are the indications we have had from RBS for a while, I would be interested to know really what Wachovia’s view is. It has been rumoured that they were very unsure about this new deal.

"It is little more than an expensive fix - just sticking plaster and making things more difficult for the club to progress in the long run.

"It is still very short term, year to year, if that. The owners are not able to take the club forward."

He added: "We produced our own plans again last week, and that is based over a much longer period and aimed at the banks.

"There can be political pressure here. We, the tax payers, own RBS and maybe they will eventually see that they can get most of their money back with our scheme and it is a much longer-termed plan."

Balague: No Chance Liverpool Will Sign Silva

Liverpool will not be signing Valencia winger David Silva this summer, despite reputed interest from Manchester United, that is the view of Spanish based journalist Guillem Balague.

Reports in this morning’s Daily Mail suggests Manchester United and Liverpool are ready to go head-to-head for the Spanish international, with the former expected to make a bid for the player later this week, however esteemed Spanish journalist Guillem Balague believes this is not the case.

Writing on his official website, Balague said: “Speculation has resurfaced and in the last few days the player has once again been linked with a move to Anfield.”

“We can clear all of the above up by saying that, at this moment in time, neither Liverpool, nor any other English club, have had any recent contact with Valencia over David Silva.”

“As far as Liverpool are concerned, I am still being told that there is no chance that they will be making a move for David Silva at this time.”

“Most of the transfer money available has been spent on Glen Johnson (this includes revenue from the sale of Keane, and debts owed to Liverpool by Portsmouth for the transfer of Peter Crouch that were factored into the Johnson deal).”

“Considerable funds have also been dedicated to the renewal and extension of many current player’s contracts at Anfield - including Benayoun.”

“In fact, I understand that, had he been sold, David Silva was considered as a replacement for the Israeli, but now that Yossi is staying at the club - the signing of Silva is even less of a possibility.”

“Although there have been no formal contact between Liverpool and Valencia in relation to David Silva recently, the channels of communication remain open between Anfield and the player’s representatives - so as with anything in football, we can never say never, but nothing appears likely at this time.”

On Manchester United’s alleged interest in the player Balague said the following: “It has even been suggested that Manchester United are also interested in David Silva, and I have been advised that the player will be under very close scrutiny when Valencia take on Ferguson’s men next month.”

The respected pundit, who features regularly on Sky Sports’ Revista de la Liga, also tried to clear up the financial turmoil Valencia currently reside in, and in particular how they can possibly hold onto the likes of Silva.

He continued: “Another question that many have been asking and one that relates to the above, not to mention David Villa is: ‘how on earth can Valencia possibly keep hold of the pair when the club are in such dire financial circumstances and have previously admitted that they must sell to avoid financial meltdown?’”

“Unfortunately, there is no logical or rational explanation, and at times the situation at Valencia is as baffling to us here as it appears to you.”

“In many ways the Mestalla club remind me of Newcastle United: a club where what counts is the opinion of the public, an anonymous body that defies all financial and sporting logic and one that rules the club with its heart rather than its head.”

“The problem at Valencia is that nobody wants to be the pantomime villain and risk the wrath of the fans by actually selling their favourite players.”

“Consequently, the club remain in a mess financially and the players concerned are growing deeply frustrated and unsettled - particularly David Villa, who we will have more on tomorrow.”