Topic: Liverpool borrow £20 million from General Motors..

[Eddie]

Just picked this up off the newspage..(NewsNow.com)Apparently we've borrowed 20 million quid to finance a 30 million bid for Tresequet...Sounds bollicks to me.Having thought there was plenty in the coffers anyway,why would we be borrowing off Genral Motors? Let alone pay 30 mill for Tresequet.

[Darren Snell]

Not sure about this loan business
As far as having money in the coffers is concerned, Fowler=£12m, Westerfeld=£3.7m, Diomede=£3m?
That's over £18m which I would say is about right for Trezeguet
Then again, if reports linking the Parma winger are correct then we'd need some more dish from somewhere, he won't be cheap either

[hoonin]

If its true then the money will be coming from GMAC, the financial arm of GM. The money wont come from GM direct, they dont have any.....trust me on that, I know  

[Wilbur]

I am very interested to hear that GMAC would loan money to LFC.  I imagine that ANY parties offering to pay interest to GMAC right now would be very tempting to the General, but if this is true, I hope that LFC got the loan at a minimal rate.  With interest rates down, and GMAC making the market in zero percent auto loans, they can't have a very tight portfolio.

I hope that the Trezeguet trade works out, if it is true.

YNWA