Liverpool post £55m loss

[Haz]

from BBC


Liverpool post £54.9m loss as debts continue to rise

Liverpool

Liverpool's parent company posted a huge loss of £54.9m for the year ended on 31 July 2009 as debt interest payments and severance costs hit hard.

The loss was 34% worse than 2008's figure as £40.1m went on servicing the club's £351.4m debt to Royal Bank of Scotland and US firm Wachovia.

Pay-offs to senior staff, including former chief executive Rick Parry, accounted for a further £4.3m.

BBC Sport understands that Parry's severance package was £3m.

[Slim]

Just a small preview of next years.

[Goaters 103]

Just makes you realise City won the lottery with our owner.

[walmai]

They've got a minute's silence and a lorryload of black armbands on hold just for announcements like this.

[Slim]

They've got a minute's silence and a lorryload of black armbands on hold just for announcements like this.

The fuck they do, those Chinese children don't work for nothing you know.

[Vhero]

They got into CL that year too.... Imagine the debt this year without CL... No wonder they keen to sell all of a sudden..

[Fish111]

Hope they carry on about their history as very soon they'll be consigned to it and they can wank all night over videos of the 80's and 2005. Fuck-em, hope they go under. This should make them accept 30M for Torres now.

[Slim]

I think people are misunderstanding the policies here, we won't be bidding £70M for Torres because Liverpool wouldn't accept less, we are bidding it to stop other, better placed teams, from matching the bid.