Barclays hunts for Liverpool FC buyer, reports

11th Apr 2010 12:24

Barclays is backing a £300m refinancing that will lead to the sale of Liverpool FC, according to weekend press reports.The Sunday Times writes that the bank is this weekend finalising a deal that will see it displace the club's current lenders, provide additional funds to manager Rafa Benitez and name Martin Broughton of British Airways as chairman. Barclays Capital has been hired to find a buyer, the paper added.Tom Hicks and George Gillett Jr, the club's American owners, have been trying to find investors to reduce the £237m debt mountain resulting from their 2007 takeover.