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The FSW

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Matt Damon said:
Someone on Radio City after the game today made a good point that had Aldridge speechless (yes. a Kopite speechless!).

That they'd love to see the FSW on Moyes' budget for 5 years and see whats what.

And that at Everton we've had tough times and just "got on with it".

And that Kopites think they're the centre of the football universe but they're not and have no divine right to anything.


The best point was, that with all that above, the person would be very interested to see how many tickets they sell in the Centenary Stand ...

<no comment from Aldridge or Snods>

* Was priceless radio that!

The lad next to me at the game today said it best, all this "worldwide support they've got" and selling shirts.... lets see how many shirts they sell when Gerrard and Torres go................

Further reinforced the point the lad made on the radio.

The RS are only one or two players leaving from being in freefall!

Rock and hardplace.

Whilst looking at us lot come out today...... after Billy's wonderstrike. We've all got our heads screwed on. Realistic expectations - WE EXPECT THE CLUB TO BE RUN PROPERLY AND NOT HAVE A BALLOONING WAGE:TURNOVER or COSTS etc. WE EXPECT PROGRESS THROUGH MAXIMISATION OF THE CLUB.

Best policy.
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Love that bit and it's the point I always bring up to kopites I work with. There is no answer to it.
 
Neiler said:
Really mate FFS!

You would be stark raving mad taking them over - really cant see a way out of this for them.

Kenwrong!!!!!!!!!!!!!!!!!!
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Its 770,000 a week x 52 weeks = £40million interest a year!

40million / 365 days = 109,000 A DAY !
 
Matt Damon said:
Its 770,000 a week x 52 weeks = £40million interest a year!

40million / 365 days = 109,000 A DAY !
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They are in fact absolutley screwed, the last accounts were 2009 and posted a massive loss with CL revenue. I can only imagine what theor current debt stands at after refinancing and missing out on the CL.

I wouldnt be surprised if it was somewhere between 450 - 500 mill.

I think they turnover about 175 mill!

There fans are deluded their on about investin gin players when really they should be worrying about administration.

Goes to show, what a good job has been done at Everton. The barn door to the top 4 is going to be blown up next season and we're perfectly poised.
 
Neiler said:
They are in fact absolutley screwed, the last accounts were 2009 and posted a massive loss with CL revenue. I can only imagine what theor current debt stands at after refinancing and missing out on the CL.

I wouldnt be surprised if it was somewhere between 450 - 500 mill.

I think they turnover about 175 mill!

There fans are deluded their on about investin gin players when really they should be worrying about administration.

Goes to show, what a good job has been done at Everton. The barn door to the top 4 is going to be blown up next season and we're perfectly poised.
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See my thread:
http://www.grandoldteam.com/forum/threads/27754-Liverpool-FC-on-the-brink-of-an-abyss-of-debt-after-another-%C2%A355-million-loss!

http://www.telegraph.co.uk/sport/foo...er-League.html

Liverpool chairman Martin Broughton has been forced to offer assurances to the Premier League that the club will be able to fulfil their fixtures next season after their most recent accounts, published on Friday, revealed record losses of £54.9 million and soaring debts of £351million.

Broughton, appointed as non-executive chairman last month, had to provide proof Liverpool could meet strict financial guidelines laid down by the Premier League and Uefa and that they would be able to continue trading as a going concern throughout the 2010-11 campaign

Accounts for the club’s holding company for the year ending in July 2009 show spiralling interest payments of £40 million, wages breaking the £100 million-a-season barrier, a record loss of £54.9 million and an increase in the club’s debt of £51.5 million.
Liverpool now stand £351 million (net) in the red. Some £233 million of that is owed to the government-owned RBS and the US investment bank Wachovia, while £144.4 million is owed to Hicks and Gillett’s parent company, Kop Cayman.
Much of Liverpool’s loss — increased by £14 million to July 2009 — can be attributed to the interest payments on that debt, which have cost the club a little over £40 million alone, or almost £110,000 a day.

But perhaps the greatest concern is that Liverpool’s financial picture can be so bleak in a year when the club’s turnover was £185 million, an increase of some £20 million on the previous year, thanks in no small part to the television rights and prize money accrued for last season’s second-place finish in the Premier League and run to the Champions League quarter-finals.

So desperate are Liverpool’s financial straits that twice this year they were forced to extend their credit facility on a short-term basis with RBS, while auditors KPMG expressed a “material uncertainty” about the club’s ability to continue as a going concern for the second year running.

In such a climate, Torres and Gerrard would feel forced to consider their futures. Broughton’s insistence that he has formulated a piecemeal transfer policy with manager Rafael Benítez — the clearest indication yet the Spaniard will spurn the advances of Juventus — is unlikely to allay their concerns that the club are locked into a decline they do not have the finances to arrest.
 

Matt Damon said:
See my thread:
http://www.grandoldteam.com/forum/threads/27754-Liverpool-FC-on-the-brink-of-an-abyss-of-debt-after-another-%C2%A355-million-loss!

http://www.telegraph.co.uk/sport/foo...er-League.html

Liverpool chairman Martin Broughton has been forced to offer assurances to the Premier League that the club will be able to fulfil their fixtures next season after their most recent accounts, published on Friday, revealed record losses of £54.9 million and soaring debts of £351million.

Broughton, appointed as non-executive chairman last month, had to provide proof Liverpool could meet strict financial guidelines laid down by the Premier League and Uefa and that they would be able to continue trading as a going concern throughout the 2010-11 campaign

Accounts for the club’s holding company for the year ending in July 2009 show spiralling interest payments of £40 million, wages breaking the £100 million-a-season barrier, a record loss of £54.9 million and an increase in the club’s debt of £51.5 million.
Liverpool now stand £351 million (net) in the red. Some £233 million of that is owed to the government-owned RBS and the US investment bank Wachovia, while £144.4 million is owed to Hicks and Gillett’s parent company, Kop Cayman.
Much of Liverpool’s loss — increased by £14 million to July 2009 — can be attributed to the interest payments on that debt, which have cost the club a little over £40 million alone, or almost £110,000 a day.

But perhaps the greatest concern is that Liverpool’s financial picture can be so bleak in a year when the club’s turnover was £185 million, an increase of some £20 million on the previous year, thanks in no small part to the television rights and prize money accrued for last season’s second-place finish in the Premier League and run to the Champions League quarter-finals.

So desperate are Liverpool’s financial straits that twice this year they were forced to extend their credit facility on a short-term basis with RBS, while auditors KPMG expressed a “material uncertainty” about the club’s ability to continue as a going concern for the second year running.

In such a climate, Torres and Gerrard would feel forced to consider their futures. Broughton’s insistence that he has formulated a piecemeal transfer policy with manager Rafael Benítez — the clearest indication yet the Spaniard will spurn the advances of Juventus — is unlikely to allay their concerns that the club are locked into a decline they do not have the finances to arrest.
Click to expand...

So basily they would need close to a billion from a new owner to A) Underwrite thier debt, B) Sort their Stadium and C) invest in players - they are in massive, massive trouble.

They really are deluded though, fans talking about new players, hell even the manager surely they cant be this short sighted! Oh wait!
 
http://www.liverpoolecho.co.uk/live...to-under-fire-Rafael-benitez-100252-26400796/

Hey Rafael, "Please don't go"
 
Neiler said:
I know there paying 100k a week on serviceing their debt and Uefa, F.A. and Premier League have written to them looking for assurances this week that they can manage their fiaces going into next season. The have been given the grace of the summer to find a new buyer.

* Wouldnt it be ace if they did a Leeds!
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This would be a dream come true. Hope it all works out like this.
 
deathbyropeandglass said:
http://www.liverpoolecho.co.uk/live...to-under-fire-Rafael-benitez-100252-26400796/

Hey Rafael, "Please don't go"
Click to expand...

You want to read the thread on RAWK setting all that off.

Chicoazul posted it.
http://www.redandwhitekop.com/forum/index.php?topic=257694.1360
I was crying laughing - when someone from CBS News wrote back and said


Zolnowski, Peter J (Peter Z) (****@cbs.com)
"Folks…not only don’t I know who Rafael is…I really don’t care.

All I know is that for some unknown reason, you’ve decided to take away by ability to conduct business because my email box is constantly being over-filled with your messages.

I’ve never watched a Soccer match, and don’t care much to. But I do need you to stop this nonsense and allow me to get back to work."

:lol:
 
Matt Damon said:
You want to read the thread on RAWK setting all that off.

Chicoazul posted it.
http://www.redandwhitekop.com/forum/index.php?topic=257694.1360
I was crying laughing - when someone from CBS News wrote back and said


Zolnowski, Peter J (Peter Z) (****@cbs.com)
"Folks…not only don’t I know who Rafael is…I really don’t care.

All I know is that for some unknown reason, you’ve decided to take away by ability to conduct business because my email box is constantly being over-filled with your messages.

I’ve never watched a Soccer match, and don’t care much to. But I do need you to stop this nonsense and allow me to get back to work."

:lol:
Click to expand...

:lol::lol::lol:

Great stuff there, the best part of this though is that they prob cant aford to sack Rafael after signing a five year deal!

This will be great!
 

Matt Damon said:
You want to read the thread on RAWK setting all that off.

Chicoazul posted it.
http://www.redandwhitekop.com/forum/index.php?topic=257694.1360
I was crying laughing - when someone from CBS News wrote back and said


Zolnowski, Peter J (Peter Z) (****@cbs.com)
"Folks…not only don’t I know who Rafael is…I really don’t care.

All I know is that for some unknown reason, you’ve decided to take away by ability to conduct business because my email box is constantly being over-filled with your messages.

I’ve never watched a Soccer match, and don’t care much to. But I do need you to stop this nonsense and allow me to get back to work."

:lol:
Click to expand...

That's genius.

They have a massive collective lack of self awareness.
 
Neiler said:
Its hard controlling urine reading that thread on there, at least some of them have cottoned on to the fact their in massive trouble!
Click to expand...

http://bleacherreport.com/articles/...-of-administration-after-massive-rise-in-debt

KPMG: Liverpool FC On The Verge Of Administration After Massive Rise In Debt

Yesterday's financial report from Kop Holdings revealed a record loss of £54.9 million over the course of the last season, meaning that the club's total debt now stands at £472.5 million.

Accounts for the club's holding company for the year ending in July 2009 show rising interest payments of £40 million over the last year, wages breaking the £100 million range for the first time and a record loss of £54.9 million.

At the end of last season, after a record profit of £10 million, Liverpool's debt stood at £350m. Urgent negotiations with RBS and a refinancing of the loan reduced the deficit to £237 million, and the British Government-owned bank are now expected to come back and seek their money.

£233 million of the debt is owed to RBS and Wachovia, while another £144.4 million is owed to Hicks and Gillett's parent company, Kop Cayman.

At the end of last season KPMG had warned Kop Football Ltd. of the "material uncertainty" of their product. In other words, should Liverpool fail to bring the EPL trophy or the Champions League trophy home in the 2009/10, then the debt would increase substantially, as there would not be any monies available to pay off their debt.

ith the news that Rafael is now saying he needs at least six new players to challenge for fourth, it would seem that Rafael has spent quite poorly over his time in charge. To say he needs six players for a decent team after six years in charge is nothing short of Benitez admitting wasting Liverpool's money.

The biggest rise, however, has come in the wages bracket at the club, where Benitez has almost doubled the club's wage bill since taking over.

2004- £66m
2005- £65m
2006- £68m
2007- £75m
2008- £79m
2009- £101m
Total- £454million
For the second year running KPMG have given a brutal audit on all that is wrong with Liverpool FC, citing "material uncertainty" yet again.

"These conditions indicate the existence of a material uncertainty which may cast doubt on the parent company's ability to continue as a going concern," it said.

Liverpool are on the verge of becoming the next Leeds or Newcastle; the EPL think so, UEFA think so, and KPMG know so. The next two months are vital for the club.


OOPS!
 
chicoazul said:
That's genius.

They have a massive collective lack of self awareness.
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Did you hear radio city sport after the match????

There was an utter legend of a blue on there - giving them what for. See previous page....

Basically Aldridge was left in silence. :lol:

The blue said in difficult times "everton just got on with it"...

And that them lot think they're the centre of the football universe etc........

:lol: amongst other things.
 
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