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Liverpool secure finance deal

Liverpool secure finance deal


Liverpool secure finance deal

Under fire American owners Hicks and Gillett look set to be staying at Liverpool Football Club for the forseeable future after announcing a deal that allows £350 million of refinancing that will help toward the building of their new stadium at Stanley Park.

"The new financing will meet all of the club's current financial needs and includes facilities to support the commencement of construction for the new stadium and to provide working capital for the club and future player transfers.

"This new financing package is a strong vote of confidence in the club's financial strength and a recognition of the exceptional opportunity represented by the construction of the new state-of-the-art stadium at Stanley Park," claimed Hicks.

"With the refinancing process now done, supporters can look forward to the timely commencement of construction work on the new stadium and renew their focus on actions on the pitch." Hicks has also issued his belated support to Benitez in a bid to bring the curtain down on a turbulent week at the Anfield club.

"Since the meeting with Rafa on December 16, at which some widely reported communications issues were discussed, Rafa has been assured that he has continuing and enthusiastic support as the manager," he continued.

"Reflecting that support, Kop recently approved his transfer payment request to sign Martin Skrtel for £6.5million and is in discussions with Rafa and club management regarding additional player signings this summer.

"Rafa is under contract for two more seasons following this season. I am solidly behind Rafa and am confident of the team's competitive prospects under his continuing leadership."