Originally Posted by Crazyhorse7778
Didn't the loan include around 50m (I think) working capital, surely there is some transfer funds in that, along with the money we raise from player sales.
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The £350m refinancing package with the Royal Bank of Scotland and Wichovia puts £105m of debt directly onto Liverpool FC, with £60m committed for the first stage of work on the new stadium and the rest for transfers and normal capital workings.
LFC will service the debt of approx. £200m, and Gillett and Hicks are only on standby if the club fails to produce the necessary profits. Essentially, LFC pays for the loan used to buy the club with potentially repayments of around £30m a year,