Liverpool will have to come up with £30m a year to pay the interest on loans taken out to fund their takeover by Tom Hicks and George Gillett.
The Americans came up with a re-financing package last week and claimed that £105m of debt will be on the books of Liverpool FC and £245m will go on to the books of Kop Holdings.
But the Liverpool Echo now claims that the club will have to pay the interest on both debts, which amounts to £30m a year and will clearly impact on Rafael Benitez's spending.
A spokesman from Financial Dynamics, the City PR company representing Hicks, said: "The holding company debt is supported by the assets it acquired and should there ever be any shortfall in cash flow at the club or anywhere else in Kop in any given year, Kop's ownership, under the terms of the financing package, is prepared to fund whatever is required.
"The debt is being handled exactly as it is handled at the vast majority of professional sports teams."
The Daily Telegraph suggests that £185m of the debt is 'the cost of acquiring their shares in the club' so Liverpool are effectively paying for their own takeover
G&H&fatlittlewaiter are a match made in heaven 
