Liverpool FC takeover deal unlikely this month as due diligence continues

LIVERPOOL FC is unlikely to be sold before the transfer deadline of August 31, the ECHO understands.

And any deal could take at least another two months as the Anfield club carries out due diligence on the bids received.

Those close to the process estimate any official announcement may even extend beyond the October 6 deadline, when RBS could call in their £237m debt, rather than broker a further re-financing deal.

Reports this morning suggested Hong-Kong-based bidder Kenny Huang is growing impatient and has delivered an ultimatum to Anfield bosses.

But insiders said no communication expressing impatience has been made to Liverpool as the board hunts for an investor to clear the debt, finance a new stadium, and strengthen the playing squad.