Liverpool FC co-owners George Gillett and Tom Hicks are in talks with the Royal Bank of Scotland over an extension of the deadline for their refinancing of the club.
The Americans were originally given until July 24th to meet repayments after they took out a £350 million loan on the Reds through Kop Holdings with £105 million of the debt being attributed to the club itself.
Gillett and Hicks, who too out the loan to finance their takeover of the club as well as provide funds for transfers and plans to develop a new stadium, expected to be built on Stanley Park, are in talks with the bank over an extension to the original deadline date with Hicks' struggle to obtain the funds needed for the repayment being the main stumbling block.
Earlier, Spirit of Shankly, the club's supporters' union, and ShareLiverpoolFC unveiled a revised buy-out plan to take control of the club's finances.
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