HOME| EDITORIAL STAFF CONTACT US| RSS
      
Transfer market

ENGLAND/ LIVERPOOL, Report loss of £40.5m

04.03.2013 11.30 by TM W  read 1068
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 Transfer market
Other news
Highlight

ENGLAND/ MANCHESTER CITY, Dealing on Yaya Touré's renewal: Inter await

Tracked harder and harder by Inter, Ivorian international half-back Yaya Touré (31), according to Daily Star, has unexpectedly started negotiating with Manchester City management on the chance to have his own deal with them renewed. Currently on a deal with Premier League

JUVENTUS, Marotta: "We were about to sign Falcao"

Interviewed by Gazzetta.Tv, Juventus Chief Executive Giuseppe Marotta has declared about 29-year-old striker Radamel Falcao: "Last summer he was
 

VILLARREAL, Marcelino: "I would prefer any other team than a Spanish side"

Villarreal CF coach Marcelino has spoken about the Uefa League draw. "It will be an open tie. I think that both teams would have chosen to not h
 

ARSENAL v EVERTON, Preview - Wenger on team news: "Wilshere will have surgery"

After AS Monaco failure, Arsène Wenger looks forward to Everton-Arsenal, scheduled next Sunday at Emirates Stadium: "They come back i
 

PSG, Lavezzi's agent: "Inter? It's up to him"

Interviewed by FcInterNews.it, Alejandro Mazzoni, agent of PSG forward Ezequiel Lavezzi, has declared: "He has a contract with PSG until 2016. Yo
 

HAMBURG, Knabel: "Soon we'll talk about Van der Vaart's new deal"

Interviewed by DPA, Hamburg Director of Football Peter Knabel has declared about 32-year-old attacking midfielder Rafael van der Vaart: "Nothing
 
   Editore: TC&C srl web content publisher since 1994 Partita IVA 01488100510