The Liverpool deal

So what is the deal for Liverpool FC from the Owners of the Boston Red Sox?
According to rampant rumour the deal is valued at £300m which incorporates

• £200m to repay debt owed to the Royal Bank of Scotland
• £40m to cover non-banking liabilities
• £60m in debts relating to the planned development of the proposed new Anfield stadium in Stanley Park.

This leaves no room for the repayment of the loans which Hicks and Gillett made to Liverpool, which stood at £144m on 31 July 2009, the date of the club's last published accounts.

What I can't underrstand is what did this £144m get spent on?
 
So with Hicks and Gillett keen to turn a profit from any sale of their shares in Liverpool, the reality is that they are now set to make a huge loss, making it clear why the Americans are so resistant to the deal and are going to court to stop it!