When it was announced that Tom Hicks and George Gillet the be leagued owners of Liverpool football club had secured a decent refinancing package, it was believed that the club would find itself in a brighter financial situation and therefore could move forward with building the new Anfield and more importantly for the fans the team.

But as details begin to emerge it would seem that the club is not in such a brilliant financial situation after all, with the club itself being laden with £105 million and the holding company Kop Holdings having a massive £245 million worth of debt on its books.

But as if that was not enough to worry about, the club is going to have to find around £30 million per year in order to service this finance, this will clearly leave the club struggling to find a decent budget for the manager Rafa Benitez to buy new players with, which is really what the club needs at the moment.

Source [ITV Football]

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