Investment group rules out backing Hicks refinancing deal

The future ownership of Liverpool appears as uncertain as ever after the investment group Blackstone ruled out financially backing the club's current co-owner Tom Hicks.

Blackstone's GSO Capital Partners had held talks with the Texan over providing the cash to allow him to pay off the £237m (€282.6m) owed to the Royal Bank of Scotland - and that figure is likely to be significantly higher due to penalty fees - before the mid-October deadline and remain in control of the club.