The move by Royal Bank of Scotland to place Liverpool’s loans into its toxic-assets division is a strong signal that they will not be extended and the club’s Americans owners,
That’sthe deadline for the refinancing of the owners’ personal loans from RBS, which were valued at $360 million in July 2009. Their previous attempt to refinance the debts in June was turned down by theLiverpool.
One source said that if the corporate banking department no longer oversee the loans, then RBS will “have a much more ruthless approach.”