6 Sep 2010Liverpool 'will avoid points deduction'

Football Clubs News | Football Finance News

Debt-stricken football club Liverpool will avoid a nine-point deduction if the Royal Bank of Scotland (RBS) assumes control at Anfield next month, it has been claimed.

According to the News of the World, Liverpool will not be punished by the English Premier League if controversial owners George Gillett and Tom Hicks fail to find a new buyer, as their debts are the responsibility of a holding company and not the club.

RBS is poised to take the reins at Liverpool if Gillett and Hicks do not sell the Merseyside outfit by October 6th 2010, but the newspaper claims a bank takeover would not contravene top flight rules.

"This is a little like one of those horror movies. Just when you think the monster has been killed in the final scene, he somehow gets back up again," a source said of the protracted sale process.

Chinese tycoon Kenny Huang pulled out of negotiations with the owners, RBS and Barclays Capital last month and expressed regret that his interest had come to a conclusion.

Written by Terry Mitchell

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