As most of your are aware the news-media is having a field day with the financial reports of Kop Holdings Ltd. (LFC’s parent company), the company lost £42m and the debts increased. “Kop Meltdown”, “Reds in the Red” etc. etc. the tabloid headlines have read. These are the same tabloids and newspapers that themselves are having financial problems and their own survival is hanging on a thread.
It is important to understand that the club actually did make a profit, it is the parent company that lost money and this is due to interest paid on the debts and other administration costs.
As far as transfer money goes, nothing has been said but I think we will still have a couple of signing. Please remember that we have an excellent starting 11, we need to buff up our fringe players for the long season. As long as we keep Xabi Alonso we will win the Premiership next season. Overall from the financial aspect (as regards to transfers) Rafa has done an outstanding job and if I am not mistaken Liverpool have made a profit on players he has bought and sold in the last 5 years.
I am not saying all this to defend Tom & Gilly, we would not be in this situation if it was not for them. The positive that comes out of this is that they might be forced to finally sell to someone who will come in and invest some serious money in the club.
Yes the situation is concerning but it is important to remember a few things.
- We are in the middle of a global recession and many companies are hurting including the same newspapers that are reporting this story.
- Again The Club made a Profit.
- We are Not Leeds.
- We are Not Luton.
- We are Not Southampton.
- Manure & Chelski both have debts that are twice the size of Liverpool’s.
- Liverpool has the smallest Player payroll out of the big 4.
- We have the best starting 11 players in the Premiership (FACT).
- Rafa is not like any other manager he understands finances.
Y.N.W.A.
Amen, Antoine! YNWA
Good article, Antoine.
I still hope that the financial quagmire that these halfwits have driven us into forces them to sell the club. Ideally to the ShareLFC group or if not them a more stable person or company with more business sense.
Questions and Answers
Q – Will Liverpool Football Club go Under?
A – No, Never
Q – Why?
A – LFC is far too big
Q – Will they be able to compete successfully
A – No
Q – Why?
A – Lack of funds
Q – Will LFC be able to buy quality players?
A – No
Q – Why?
A – Clubs financial future is far from secure
Q – Will Rafa Benitez see out his contract?
A – Highly unlikely
Q – Why?
A – Offers from other club or national teams
Q – What’s the short/long term prospects?
A – Becoming a mid table club
Q – Is this the most pessimistic view?
A – Yes
Q – So what’s the answer?
A – God will hopefully help LFC
Wishful thinking Frank, this is going to lead to bigger and better things.
Remember Manure HAVE MORE DEBT and once Fergie retires I can see you guys playing in the Championship after a couple of seasons.
Manure…as you like calling them, can handle the debt. That’s the difference between the two clubs Antoine. Whether you like it or not Ferguson has built a dynasty that will last long after he’s gone. Realistically, there’s far more chance of LFC finding themselves in the Championship before too many more years.
Dynasty what dynasty? So will succeed him? What about the youth? In the last 4 years Liverpool have been in the youth cup final 3 times.
Even Through the 90s turmoil Liverpool was never a middle of the table club.
United have brought through more youth players than Liverpool has done in a decade. Youth cup finals mean nothing unless they produce. We are talking about the future here not the past, unless things change dramatically mid table is where Liverpool will end up.
By the way have my questions and answers been fair and reasonable? Can anyone doubt their logic?
Frank I am going to keep this thread going you have had too much Manure Kool-Aid.
As far as your questions and answers are concerned only the first two are reasonable the rest is all garbage cooked up by your fellow Aussie Rupert Murdoch and all his media crap.
Hey mate, I used to work for Murdoch before I retired a few months ago and I can assure you that he does not give a shit about football. His interest in United a few years back was simply a money grab which thankfully did not succeed.
Incidentally, Kool-Aid does not exist here