Comments on: Rick Parry on the ownership and the new stadium http://archive.anfieldroad.com/news-archive/200810053170/rick-parry-on-the-ownership-and-the-new-stadium.html/ The Archives. Liverpool FC. 18 titles. 5 European Cups. Unofficial Thu, 01 Sep 2011 10:03:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: martin http://archive.anfieldroad.com/news-archive/200810053170/rick-parry-on-the-ownership-and-the-new-stadium.html/comment-page-1/#comment-6089 martin Wed, 08 Oct 2008 20:16:09 +0000 http://www.anfieldroad.com/?p=3170#comment-6089 Jim: "In terms of Wachovia, I think they only agreed to lend money to the owners as part of a “Master Swap Agreement”, which runs until January 2011. There’s another agreement, or option, which runs until 2037 and is 75% RBS and 25% Wachovia." Can you elaborate on that at all? Excuse my obvious naivety but I thought the agreements in place ran until this January, 6 month extension available, then they would have to refinance in what we hear in the press are repeated 18 month periods. Where does this 2011 and 2037 business come into it? Is it the period in time where interest payments alone cannot solely be met and the loan must be paid back in full? Jim: “In terms of Wachovia, I think they only agreed to lend money to the owners as part of a “Master Swap Agreement”, which runs until January 2011. There’s another agreement, or option, which runs until 2037 and is 75% RBS and 25% Wachovia.”

Can you elaborate on that at all? Excuse my obvious naivety but I thought the agreements in place ran until this January, 6 month extension available, then they would have to refinance in what we hear in the press are repeated 18 month periods. Where does this 2011 and 2037 business come into it? Is it the period in time where interest payments alone cannot solely be met and the loan must be paid back in full?

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