Liverpool Lose £50mil and Things are Still on the Up

£50mil in biscuits? Rubbish...
The News Desk is offering a reward for information leading to the location of Liverpool’s missing £50mil. After a bit of a delay, the Merseyside club has released their financial records for the year ending July 2011 and has unsurprisingly reported a substantial loss. Ian Ayre, who by the way is still alive and retains his position of Managing Director, believes the club is now on more stable ground after pointing out exactly where the funds went to. The repayment of debt, the now scrapped HKS stadium project, paying off the new England Manager and other financial mumbo-jumbo like “extra-ordiniary costs” made up the bulk of his press conference with the firm assertion that had these items not been taken care of, the club would have been “looking at breaking even”. In the very least, the break even point is where we need to be in order to fall in lne with the Financial Fair Play regulations, which will be in full swing by 2015, and keep the UEFA Goons from kicking down our door. The true tale is always in the cash flow reports and although we’ll have a better idea of exactly what’s going on when those are finally released, it’s looking like our house is on order. After the disasterous reign of Hicks & Gillette, current owners Fenway Sports Group have now reduced our interest payments from £18mil to £3mil and despite the losses reported today, are keeping us on course to be profitable in the very near future. A profitable football club? Now, that’s moving forward.

  • Jaymcrtah90

    Dont forget to factor in the millions and millions Ming Kenny will waste on shite players in the  summer.

  • PatrickTheRed

     Bad news, Liverpool probably won’t be able to spend as much as the team needs right now, Kenny blew the one shot we had to buy real quality players with over 100 million and get rid of the average ones, but actually bought more average players. It’s the only time I can remember a manager spending over 100 million and actually making the team worse. Carroll and Henderson are Championship players at best, and we spent over 50 million for them alone.

  • have a good feeling, and it’s only that obviously, that some of these players weren’t exactly the first choice…it’s hard to attract world class, top quality players when you’re not playing in Europe or even pushing the top 4…

    seems like a vicious cycle, really.

  • PatrickTheRed

     I agree, but Kenny’s downfall was looking for second choice players in England. Liverpool have been linked to some good looking quality foreign players lately that seem dirt cheap compared to Carroll, Henderson or Downing and players like that were available when he was splashing out millions on British players.Tbh I think it all came at Kenny to fast, he was only back managing again after years, and he didn’t really have a clue what to do so he went with what he knew ( British )