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RBS urges Liverpool sale patience

Wed 23rd Jun 2010 | Clubs Ownership

Royal Bank of Scotland Group says Liverpool fans must be patient and allow time for chairman Martin Broughton to find the right new owners for the club.

Supports angry at the tenure of Americans George Gillett and Tom Hicks have been contacting the bank since March urging it to restrict the club’s credit facilities. Liverpool owes RBS and Wachovia £237m.

Gillett and Hicks put the club up for sale in April and brought in former British Airways chairman Broughton to oversee the process.

Broughton said in an interview at the time that he was hopeful a sale could be completed before the start of the new Premier League season in August. 

But in an emailed response to fans, RBS’s head of public affairs Roger Lowry said: “This [sale] process needs to be allowed sufficient time to maximize the chances of the club being sold to ownership capable of realising 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.” 

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