£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.
