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As featured on NewsNow: Football news

Liverpool will not suffer points deduction if bank takes ownership

Liverpool do not have to worry about a points penalty if they fall into the hands of the Royal Bank of Scotland.

The News of the World says Liverpool will avoid a nine-point penalty if they fall under bank ownership next month.

The Premier League will approve an Anfield takeover by the Royal Bank of Scotland if co-owners Tom Hicks and George Gillet don't find a buyer or repay their debt by October 6.

The RBS has had power to seize the club before but there were concerns about league sanctions. Fans feared that if the Americans defaulted on their loans the club would be plunged into administration, leading to a nine-point deduction.

And that would almost certainly end their hopes of qualifying for the Champions League with devastating consequences for the club.

But clarification that a bank takeover is within Premier League rules is of huge significance. It means the league recognises the distinction between the owners' debts and the club's debt.

 Click here for the best Liverpool coverage on the 'net. All your Reds news and gossip in one spot.

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