HOME CONTACT US| RSS
      
Transfers

ENGLAND/ LIVERPOOL, Report loss of £40.5m

04.03.2013 10.30 by TM W  read 1244
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

MONCHENGLADBACH in talks with AS Roma on ITURBE

Not bought back by Torino last June, Paraguayan international winger/half-forward Juan Manuel Iturbe (24) is again up for sale. Still on a deal with AS Roma until June 2019, former Porto, Bournemouth, and Hellas Verona player isn't in fact part of Giallorossi current plans. T

OFFICIAL - SPAL sign Pa KONATE from Malmö FF

Serie A greenhorns SPAL announced having signed Swedish international left-back Pa Konate (23) on a 3-year deal. First Italian experience fo
 

REAL BETIS approaching Gastón RAMIREZ

Playing for Middlesbrough since 2015/16 second half, Uruguayan international attacking midfielder/half-forward Gastón Ramirez (26), accord
 

MANCHESTER CITY - Sané: "I couldn't really breathe before operation"

Leroy Sane has told ESPN FC that he was struggling to breathe during games for Manchester City last season because of a nose problem. The 21-year-old,
 

EXCLUSIVE TMW - Facundo PIRIZ joins Montpellier

As collected through sources of ours, and portrayed in our exclusive photo, Uruguayan defensive midfielder Facundo Piriz (27), a free agent since last
 

MONCHENGLADBACH in talks with AS Roma on ITURBE

Not bought back by Torino last June, Paraguayan international winger/half-forward Juan Manuel Iturbe (24) is again up for sale. Still on a deal with A
 
   Editore: TC&C srl web content publisher since 1994 Partita IVA 01488100510