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Duo on Reds finance concerns
Liverpool, 09:44, June 5, 2009 ,
Liverpool owners Tom Hicks and George Gillett say there are confident that they will be able to secure refinance loans this summer.
It has been announced that the club's parent company, Kop Football Holdings, lost £42.6m in the year to August 2008 - mainly due to the £36m of interest payments made to service the Reds' debt.
The company's auditors claim there is a "significant doubt" over the future of Kop Football Holdings if the bid to refinance the loans is rejected next month.
The American duo bought Liverpool in February 2007, promising to build a new stadium and in the latest accounts they insist they are "committed to building a stadium and actively seeking funding to complete the project" but that new ground will be delayed "until 2012".
The accounts results for Liverpool's parent company showed a net debt on July 31 2008 of £300m.