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Torres for sale!
"WILL POOL HAVE TO SELL TORRES?
If the endless sniping and carping at Anfield wasn't enough, Liverpool fans might want to leave The Times well alone this morning.
They claim that the club may have to sell Fernando Torres and Ryan Babel if they can't pay back the £31.5million loan taken out to buy them last summer.
The paper reports (and we apologise for the upcoming financial nonsense): 'Liverpool entered into an 18-month loan agreement with interest of 9 per cent - £2.8 million a year - with a letter of credit to pay back the £31.5 million at the end of the period.
'Should Liverpool be unable to pay back or refinance the loan, banks could force the sale of Torres and Babel, who was also included in the smaller refinancing package.'
Interesting stuff."
Pinched from Football365 Gossip Column dated 18/4/08
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