The financial performance of Liverpool Football Club has been put into the spotlight this week as well as the performance of the other Premier League teams. Liverpool’s debt has doubled over the past year and according to Empire of the Kop sources Rafa will not be getting the £40 million promised in order to try and balance the books.
Rafa had been promised £40 million plus whatever was generated through sales to spend on players this summer but due to the clubs ever increasing debt Rafa will not get the £40 million promised in order to try and balance the books of Kop Holdings LTD, a source close to the club tells us.
This comes in a week when the Reds’ have been linked to bargain bin players such as the Middlesbrough duo David Wheater and Tuncay Sanli as well as Manchester City defender Sylvain Distin.
“Rafa was told he would have £40 million plus any money generated through player sales” said the source “However he’s been told the £40 million won’t be available anymore in an attempt to balance the books”.
If this comes to be true it clearly shows the financial pressure our owners our under and it has to be asked if they can continue to run a club trying to challenge for the title when they clearly don’t have the financial power.