Any truth to Torres transfer talk?

Last updated : 13 May 2008 By Adam Bryant
The Spanish striker broke Ruud van Nistelrooy's record when he scored his 24th Premiership goal of his debut season on Sunday.

This latest speculation coincides with Oliver Kay's comments in The Times which suggest that Torres and Ryan Babel may have to be sold off:

"Liverpool must repay £31.5 million to banking institutions in little more than a year or risk having to sell Fernando Torres and Ryan Babel.

The Times has learnt that Liverpool borrowed the money to sign Torres, the Spain forward who has scored 30 goals this season and has already become a firm favourite on the Kop, from Atlético Madrid last summer. The club then refinanced that debt on January 25, at the same time as they secured a £350 million refinancing package.

Liverpool entered into an 18-month loan agreement with interest of 9 per cent — £2.8 million a year — with a letter of credit to pay back the £31.5 million at the end of the period.

Should Liverpool be unable to pay back or refinance the loan, banks could force the sale of Torres and Babel, who was also included in the smaller refinancing package. "