My taking on it is, RBS where not happy with the way things where going on at Anfield and after negotiations with Barclay's + the owners it was agreed to another 12months on the loan. But the big difference is that ITS ONLY BECAUSE THEY PUT THE CLUB UP FOR SALE, So the loan is NOT on the same terms as before, Its more like an over draft at the min. The quicker its all sorted the better for H+G. If it goes past the 12 months RBS will call in the loans and fire sell the club. This may sound good to potential buyers but its not, The club would be broke up, Players sold contracts broken licence's stopped etc. It would be a nightmare. Which is why Broughton is in there, To stop any silliness, It will still be up G+H to accept or not, but Broughton is there for the banks and will bring the pressure on there behalf
Interesting point. But could`t H&G refinance and get the lone at another bank? Sorry if its silly question, just trying to understand this whole thing.