Phil

Not as easy as that is it? Terms and Conditions are very clear and always in the banks favour.

Yeah, they are funded by RBS, who themselves are struggling. The £300m should have been refinanced in January, but RBS gave them another six months to refinance. I doubt they'll have anything in place so will be subject to penalties / an interest hike. When they bought Liverpool they had plans of building a new stadium, but finance was a lot easier to come by a few years ago. It would seem they will have to sell an asset. I wonder if Man City are circling?