HOME CONTACT US| RSS
      
Transfers

ENGLAND/ LIVERPOOL, Report loss of £40.5m

04.03.2013 10.30 by TM W  read 1250
Source: Guardian.co.uk
© foto di

Liverpool have reported a £21.8m increase in their debt - now £87.2m overall - and a loss of £40.5m in their annual accounts. A restructuring of their accounting period to align it with the football season means that the figures apply to the 10 months between 1 August 2011 to 31 May 2012.

They show that although commercial revenue increased, so did the club's overall liabilities. However, the club's managing director Ian Ayre played down the significance of a rise in debt levels.

"It's definitely not something I believe anyone should be worried or concerned about. It is seasonal - our debt goes up and down," he told the Liverpool Echo. "We have money to pay out and money coming in, just like any business.

The difference in football is some of the swings are significant, so if you look at player trading, we may need to make investments as we do in the summer before our key revenues come in: big sponsorships cheques, big ticket revenues, all the media revenues etcetera."

"You come to Christmas when you maybe have less revenue coming in but you have got money that needs to go out, both on playing deals that you are doing at the time but also on historic player deals. Debt has increased but I think it's a factor of doing business in the time and place we are. We need to continue to improve our squad and what a lot of people won't relate to perhaps is that when you are improving your squad and making that investment, you have knock-on costs that will create debt in the short term. But hopefully in the long term we'll improve our position and we are very aware of that. We will continue to invest in the squad - I think that is what our fans would expect. But the most important thing is that we do it prudently and in a sustainable way that is affordable."

Other news Transfers
Other news
Highlight

BENEVENTO phenomenal hitman DIABATE: "I'd like to settle in Italy"

Playing for Serie A bottom side Benevento just since last January, almost 30-year old Malian international striker Cheick Diabaté, who so far scored 7 goals in 7 Italian league games played, stated: "People who didn't know me are surprised, of course, but I've

BENEVENTO phenomenal hitman DIABATE: "I'd like to settle in Italy"

Playing for Serie A bottom side Benevento just since last January, almost 30-year old Malian international striker Cheick Diabaté, who so far s
 

OFFICIAL - Espanyol sack QSF and Lardin. Gallego caretaking the team

Espanyol announced having fired Spanish 53-year old Quique Sanchez Flores from managing position, as well as director of football Jordi Lardin. David
 

ARSENAL formation change of Wenger: Mustafi and Xhaka on the way to be out

Arsene Wenger is ready to kick off one more Arsenal formation change next summer, starting with the sale of Shkodran Mustafi and Granit Xhaka, a coupl
 

L'Equipe criticizes PSG

L'Equipe  opening this morning with Paris Saint-Germain and their one more victory. Qatar property has completely revolutioniz
 

RB LEIPZIG director Rangnick: "We want LOOKMAN to stay with us"

Asked by ESPN about English-Nigerian winger Ademola Lookman (20), who joined them just last February, RB Leipzig sporting director, Ralf Rangnick, sta
 
   Editore: TC&C srl web content publisher since 1994 Partita IVA 01488100510