10 Sep 2010RBS 'preparing to take control of Liverpool'

Football Clubs News | Football Finance News

The Royal Bank of Scotland (RBS) is poised to assume control at Liverpool if a takeover deal is not completed within the next month, a report has claimed.

According to the Guardian, the English Premier League football club's loans have been placed in to RBS' toxic assets division as the refinancing deadline of October 6th 2010 approaches, with the bank apparently toughening its stance on the matter.

"If it has been taken out of the hands of the corporate banking department, they'll have a much more ruthless approach," a source close to the situation told the newspaper.

Another insider suggested RBS could look to sell the Anfield outfit for a cut price next month if a buyer cannot be found before then, but the financial institution is understood to be eager to avoid having to take the reins at the club.

Last month, a series of bidders including Syrian tycoon Yahya Kirdi and Chinese businessman Kenny Huang were linked with bids for Liverpool, but neither party could reach an agreement.

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Written by Terry Mitchell

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