bluebloodinmyveins
Player Valuation: £60m
I wish they would stay skint, but they are too lucky.
Last edited:
Liverpool FC - on the brink of an abyss of debt - after another £55 million loss!
- Thread starter Matt Damon
- Start date
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tomm1245
Player Valuation: £500k
...and the city will belong to one team, us, again
Columbia6
Player Valuation: £8m
The figures have just struck me. Even if you take out their debt repayments, the club made a loss of £15m in the '09 season, despite finishing 2nd in the league and getting to the quarter finals of the Champion's League. Next season their income is going to be down by at least £30m, and their debt repayments up by at least £5m (10% of this year's loss). Next season they could be looking down the barrel of a £50m loss, and that's before debt repayments (£45m) kick in. Futbol Club de Redshite as a business is in the terminal stages, they have absolutely no ability to cover their debts, even at the relatively successful levels of last season, which they won't be hitting again any time soon.
Matt Damon
Player Valuation: £60m
Reidy's Bottle Of Grecian
The Unobstructed View
"spade in the ground in 60 days".... to dig their grave and bury the bastards !!
Watch this feckin' space for the best show in town.
Watch this feckin' space for the best show in town.
Matt Damon
Player Valuation: £60m
Everton are a more attractive prospect to buyers than Liverpool - David Moyes
Toffees boss praises financial stability at Goodison
http://www.goal.com/en-gb/news/2557...re-a-more-attractive-prospect-to-buyers-than?
As Liverpool search for a buyer to save the club from its financial woes, David Moyes has claimed his Everton outfit represent better value than their Merseyside rivals.
Liverpool and Everton are set for seventh and eighth-placed finishes respectively this season.
And Moyes thinks his club should be an attractive prospect for prospective investors.
“Obviously Liverpool have got a really big brand, but Everton are a steady football club and although we have some debt it isn’t anything like most other clubs have got," Moyes said, according to Sunday Mirror Sport.
"If you compared our wage bill to Liverpool’s, then I am sure they would be near the top while we would be 10th or 11th in that list - or even lower. So I think any new owners coming in would see that we are a club that has been run in the right way.
“We could take big steps forward without having to spend massive amounts of money because we have already got a team that can compete. I really do think we are more attractive and should be a target for any investor and I also know that our chairman Bill Kenwright is doing his best to bring in people.
“We’ve never had much money to spend here. I think I have spent something like £5m-a-year net in the eight years I’ve been at the club.
“Most managers have a time when it falls their way and they get money to spend.
“I believe that somewhere along the line, Bill and the board will succeed in bringing that money into Everton – and I just hope that an investor is just around the corner because I think we would be able to shock quite a few people with a bit more money to spend on the team.”
Moyes has been manager of Everton since 2002, despite his hands being tied financially, and he thanks chairman Bill Kenwright for affording him the time to transform the club into a relative success.
He added: “I am loyal to Everton because they have given me the chance to build a football club. I’m not sure how many other managers have been given the chance I’ve had, apart from Sir Alex.
“There was Bobby Robson, who had 13 years at Ipswich and Brian Clough had 12 years at Nottingham Forest.
“It’s no coincidence all those managers had great success, but these are the days when an awful lot of things in football are decided by money.
“If you haven’t got money then you need time – and that’s what Bill Kenwright has given me at Everton.
“Fergie always preaches that a manager should have control of the football side of the club and I do have that control.
“But I don’t control the finances so it was impossible to keep players like Rooney and Lescott. I know a lot of clubs would like someone like Jack Rodwell. But I don’t think the board would sell him without my permission.
Toffees boss praises financial stability at Goodison
http://www.goal.com/en-gb/news/2557...re-a-more-attractive-prospect-to-buyers-than?
As Liverpool search for a buyer to save the club from its financial woes, David Moyes has claimed his Everton outfit represent better value than their Merseyside rivals.
Liverpool and Everton are set for seventh and eighth-placed finishes respectively this season.
And Moyes thinks his club should be an attractive prospect for prospective investors.
“Obviously Liverpool have got a really big brand, but Everton are a steady football club and although we have some debt it isn’t anything like most other clubs have got," Moyes said, according to Sunday Mirror Sport.
"If you compared our wage bill to Liverpool’s, then I am sure they would be near the top while we would be 10th or 11th in that list - or even lower. So I think any new owners coming in would see that we are a club that has been run in the right way.
“We could take big steps forward without having to spend massive amounts of money because we have already got a team that can compete. I really do think we are more attractive and should be a target for any investor and I also know that our chairman Bill Kenwright is doing his best to bring in people.
“We’ve never had much money to spend here. I think I have spent something like £5m-a-year net in the eight years I’ve been at the club.
“Most managers have a time when it falls their way and they get money to spend.
“I believe that somewhere along the line, Bill and the board will succeed in bringing that money into Everton – and I just hope that an investor is just around the corner because I think we would be able to shock quite a few people with a bit more money to spend on the team.”
Moyes has been manager of Everton since 2002, despite his hands being tied financially, and he thanks chairman Bill Kenwright for affording him the time to transform the club into a relative success.
He added: “I am loyal to Everton because they have given me the chance to build a football club. I’m not sure how many other managers have been given the chance I’ve had, apart from Sir Alex.
“There was Bobby Robson, who had 13 years at Ipswich and Brian Clough had 12 years at Nottingham Forest.
“It’s no coincidence all those managers had great success, but these are the days when an awful lot of things in football are decided by money.
“If you haven’t got money then you need time – and that’s what Bill Kenwright has given me at Everton.
“Fergie always preaches that a manager should have control of the football side of the club and I do have that control.
“But I don’t control the finances so it was impossible to keep players like Rooney and Lescott. I know a lot of clubs would like someone like Jack Rodwell. But I don’t think the board would sell him without my permission.
Matt Damon
Player Valuation: £60m
Auditors cast doubt on future of Liverpool after losses
• Accounts show debt has increased to £350m
• Chairman says 'no reason to sell' best players
http://www.guardian.co.uk/football/2010/may/07/liverpool-record-losses
The parlous financial position at Liverpool was underlined today when accounts were released showing the club £350m in debt. The figures covered the year to 30 July 2009, so included Liverpool's relative success last season, yet still the club recorded the biggest loss in its history, £55m, having paid £40m in interest on its loans.
The bulk of the loans, owed to Royal Bank of Scotland and Wachovia, are the borrowings originally made by the two United States owners, Tom Hicks and George Gillett, to buy Liverpool in the first place, which they then imposed on the club to pay off. The accounts detail how impatient the banks have been for the debts to be reduced; Liverpool were formally due to repay the £250m owed on 24 January this year and the banks extended that loan by only six weeks, to 3 March.
Since then, following further negotiations with the banks, Hicks and Gillett agreed to sell the club, and a chairman, Martin Broughton, was appointed to get a sale agreed. The banks extended their loans – which the club says stand now at £237m – until the sale, which Broughton said today will be "a matter of months".
The club's auditors, KPMG, summed up that Liverpool are now "dependent on short-term [bank loan] facility extensions" until investment arrives and for the second year running raised a stark warning about the club's financial health. "This fact indicates the existence of a material uncertainty which may cast significant doubt upon [Liverpool's] ability to continue as a going concern," they said.
• Accounts show debt has increased to £350m
• Chairman says 'no reason to sell' best players
http://www.guardian.co.uk/football/2010/may/07/liverpool-record-losses
The parlous financial position at Liverpool was underlined today when accounts were released showing the club £350m in debt. The figures covered the year to 30 July 2009, so included Liverpool's relative success last season, yet still the club recorded the biggest loss in its history, £55m, having paid £40m in interest on its loans.
The bulk of the loans, owed to Royal Bank of Scotland and Wachovia, are the borrowings originally made by the two United States owners, Tom Hicks and George Gillett, to buy Liverpool in the first place, which they then imposed on the club to pay off. The accounts detail how impatient the banks have been for the debts to be reduced; Liverpool were formally due to repay the £250m owed on 24 January this year and the banks extended that loan by only six weeks, to 3 March.
Since then, following further negotiations with the banks, Hicks and Gillett agreed to sell the club, and a chairman, Martin Broughton, was appointed to get a sale agreed. The banks extended their loans – which the club says stand now at £237m – until the sale, which Broughton said today will be "a matter of months".
The club's auditors, KPMG, summed up that Liverpool are now "dependent on short-term [bank loan] facility extensions" until investment arrives and for the second year running raised a stark warning about the club's financial health. "This fact indicates the existence of a material uncertainty which may cast significant doubt upon [Liverpool's] ability to continue as a going concern," they said.
Reidy's Bottle Of Grecian
The Unobstructed View
beating Stoke would have been like screwing the coffin lid down instead of using nails.
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