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Liverpool told to reduce debts

Liverpool is looking for a cash injection from new investors before the end of the season to pay down its £237 million debt, reports . The new money will be used to cut the club's debt by £100 million, to £137 million, so that its loans can be refinanced, the club's managing director Christian Purslow told the Spirit of Shankly supporters group.

The club's creditors have said they will not refinance its loan deals unless the debt it reduced to this level.

Purslow said Liverpool had narrowed down to five or six the field of interested investors, from around 25 to 30.

Supporters at the meeting with Purslow were not impressed.

"Liverpool football club is about paying down debt and not winning trophies and that is simply not good enough for a club of Liverpool's standing," said James McKenna, a spokesman for Spirit of Shankly.

 Click here for more Liverpool news and gossip

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