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As featured on NewsNow: Football news

Bank happy for Liverpool to go slowly over sale

The Royal Bank of Scotland (RBS) feels that Liverpool should not be rushed into a sale, reports euFootball.BIZ According to Bloomberg, the bank has responded to identical emails sent by many fans urging the bank to restrict the credit given to the club. There is disillusionment with the American owners George Gillett and Tom Hicks underlying this campaign by fans.

RBS's statement signed by head of public affairs Roger Lowry says, "This (sale) process needs to be allowed sufficient time to maximize the chances of the club being sold to ownership capable of realizing its long-term potential.

"We are confident that the chairman and the board will be mindful of the need to avoid any unnecessary delay in concluding a sale, as it is in no one's interest to risk deterioration in the performance of the club prior to it being sold.

"I appreciate that the club's finances have been a source of frustration for many supporters but it is in the interest of the fans, the club and the bank that we continue to support it through this process to ensure its longevity for all concerned."

RBS has extended the credit to help Liverpool get a fair price for the team.

Liverpool has appointed British Airways chairman Martin Broughton as chairman of the club to oversee the sale and it is also using the services of Barclays in handling the sale.

 Click here for more Liverpool news and gossip

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