In the current tigthening scenario, even if G&H take out a traditional covenant-heavy loan, they will still be able to secured it easily based on their track record as well as LFC revenue over the next few years with the assumption of the additional cashflow from the new stadia! If i am not mistaken, the traditional heavily-ladened covenant could command a lower interest spread (i could be wrong) thus giving the club or is it the Americans, a lower interest rate. Plus, if they play their cards well with Rafa, they are assured of an up-coming dynasty that even surpasses the 70s and 80s LFC teams! Still, i think everyone's scared s***less abt the actual improvement Rafa made for the club and they do not want to see the end of the Wenger / Ferguson monopoly in the league as Rafa's news conferences are dreary and non-headliners thus leading to lower sales!!!