Liverpool's owners are likely to succeed in refinancing their huge debts before the July deadline, according to football's top takeover expert. But Keith Harris, the investment banker and former Football League chairman, has warned that owners looking to sell clubs - such as Liverpool's American duo Tom Hicks and George Gillett - will have to accept that values have slumped. Hicks and Gillett have until July to refinance the £350million loan from RBS and Wachovia and there have been suggestions that at least one of the banks will not agree a deal. But Harris, who helped broker takeovers of Chelsea and Manchester City, said: "I think there will be a negotiated settlement. "The only way banks can make money is to start lending again. The two banks RBS and Wachovia, have said they don't want to be involved in this kind of business and RBS are quite stretched. "But it's amazing how things look like they're about to fall apart and people come together." Harris believes Premier League clubs have suffered a slump in value of up to 20 per cent since the economic crisis struck. Speaking at the Soccerex forum at Wembley Stadium, Harris said: "There is some renewed interest now. There's been a shocking fallow period but just like you are seeing investors putting money into property companies and banks, people are investing again in football clubs. "Generally, asset values have fallen - so 10 to 20 per cent is a decent estimate." http://www.sportinglife.com/football/premi...MHD=premiership