HOME CONTACT US| RSS
      
Transfers

ENGLAND/ LIVERPOOL, Report loss of £40.5m

04.03.2013 10.30 by TM W  read 1237
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

AJAX, Klaassen: "Happy here, we are building something special"

Linked to several clubs, including Juventus, AC Milan, Napoli, Borussia Monchengladbach, and Eintracht Frankfurt, Dutch international midfielder Davy Klaassen (24), Ajax young captain, told local media: "I feel wonderful here at Ajax. I'm happy, and I enjo

EXCLUSIVE TMW - Palermo, a new suitor for RISPOLI

Scorer of two goals against Lazio yesterday, Italian full-back Andrea Rispoli (28), leaving Palermo next summer, and already tracked by Genoa and Spor
 

GRANADA, Tony Adams: "We can't sign Richardson and Reo-Coker"

Asked about the chance for Granada to sign former English international full-back Kieran Richardson (32) and defensive midfielder Nigel 
 

WEST HAM willing to sign Fleetwood Town goalie CAIRNS

According to Daily Mail, West Ham management have targeted English goalkeeper Alex Cairns (24), playing for League One side Fleetwood Town, and curren
 

LYON - 4 suitors for Jordan FERRI

Leaving Olympique Lyon after a whole career spent there so far, incuding development area years, 25-year old midfielder Jordan Ferri, accord
 

EXCLUSIVE TMW - Hertha Berlin eye AS Roma loanee goalie SKORUPSKI

Playing for Empoli as a loanee for the second season in a row, Polish international goalkeeper Lukasz Skorupski (turning 26 next May 5), pos
 
   Editore: TC&C srl web content publisher since 1994 Partita IVA 01488100510