Reds owners refinance bank loan

Reds owners refinance bank loan

Published Jul. 27, 2009 8:17 p.m. ET

Liverpool's American owners have concluded a deal to refinance the bank loan they took out to buy the club in 2007.

Co-owners Tom Hicks and George Gillett are not expected to issue a statement, but the deal is believed to be for another year and will involve them paying back £60million of the original debt.

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