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Liverpool fans threaten RBS over loan refinance

Supporters of Liverpool are e-mailing the UK government-controlled Royal Bank of Scotland, urging it not to refinance a £237 million loan that matures in July.

According to Bloomberg, hundreds of messages addressed to RBS CEO Stephen Hester warned the supporters’ anger will turn on the bank this summer.

“It is my understanding that if the refinancing deal is renegotiated beyond July 2010, then a campaign in protest against the Royal Bank of Scotland will take place which will include billboards with anti-RBS messages encouraging Liverpool fans to boycott RBS,” said the e-mails, which fans signed off individually.

“As a British tax payer and a lifelong Liverpool fan, I can assure you that I am not happy that my hard earned money is being used to pay for the purchase of Liverpool Football Club for George Gillett and Tom Hicks,” the e-mail added.

Fans are upset with the amount of debt accrued by club owners George Gillett Jr. and Tom Hicks, who bought the team in February 2007, and the team’s on-field performance. A poster campaign opposing the US owners started in Liverpool last week.

Liverpool’s parent company Kop Football Holdings posted a loss of £42.6 million pounds for the year ending July 2008.