Updated 5:48pm 12 April 2012

Tom Hicks and George Gillett agree new Liverpool FC loan deal

LIVERPOOL FC’s American owners successfully agreed a re-financing deal to renegotiate its debts amid further anger from Anfield fans.

Co-owners Tom Hicks and George Gillett have extended the £290m debt on the club after talks with banks the Royal Bank of Scotland (RBS) and Wachovia.

The new deal means the Americans must use their own money to pay back £60m, part of the terms for the new arrangement.

There were suggestions the loan could be called in, potentially leaving Liverpool FC in the hands of the Government as they bailed out RBS after a severe financial collapse last year.

But a deal was struck to last for another 12 months, to the dismay of many Liverpool fans.

The £60m will reduce the debt to £230m, half of the payment being made immediately.

Rogan Taylor, spokesman for the ShareLiverpool group, who re-launched their own takeover plans with fans now paying £500 instead of £5,000 for a share in the club, attacked the deal, and said:

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