£40.1 million could have bought us a certain David Villa and we would have had change to spare for another player but instead the money went out to pay interest on the loan which Tom Hicks and George Gillett burdened on our club.
The club’s parent company Kop Football (Holdings) Limited published it’s financials (for the year ending July 31st 2009) today which I am sure will anger many Liverpool supporters like myself who keep hoping and praying the end of the Hicks and Gillett era comes soon. Also revealed in the financials was a huge payoff that former Chief Executive Rick Parry received as part of his severence package, Parry received a whopping £4.33 million (the price of two Sotirios Kyrgiakos) as compensation.
What is even more sickening is seeing that turnover has increased by £20m, operating profit by 10%, commercial revenue grew from £13.5m to £67.7m however the club made pre-tax loss of £54.9m thanks to the huge interest payments.
The only positive note to come out of the financials is that the number of employees at the club has increased by about 50% which does help the local economy.
We simply can not help it but be angry when we remember that the debt the club has was imposed by Tom Hicks and George Gillett when they purchased the club via a leveraged buyout.
BLOOD SUCKING COWBOYS, OUT NOW!!!!!
Y.N.W.A.
-Antoine
Source for finacial information The Liverpool Echo, full story here.
this must be good reading for potential investors. pay off the debt, build a new stadium and you would be surely earing a healthy profit each year.
Liverpool the Greece of football…
this is sad…
F**K YANKS! GET THE F**K OUT OF ANFIELD F**KERS
What worries me at the moment is that no one has shown the slightest bit of intrest in buying us. We have the best history and trophy haul and fans in england. Yet i feel the ridiculous price tag hicks and gilette have put on the club, also bragging that it will be their biggest profit and also the huge debt that comes with us is putting propspective buyers off? When will this nightmare end? Just hope we dont end up like Leeds!
@kennedy beddowes
i heard some interest in buying the club from asia and middle east… so, hope!
YANKS OUT NOW. They have bled us enough and it is time we had new owners. YANK MOSQUITOES OUT.
yes but this is just speculation…I heard hicks state that it could take up to 2 years to sell the club. B_STARDS.
It would break my heart to see Torres go…
What differentiates us from the likes of Leeds is that we have players (ie: assets) like Gerrard, Mascher and Torres. If we sell only ONE of them, we can buy a replacement that is just as good or even better AND have change for a backup.
The fear of ending up in the football-gutter is totally unfounded and is only a wet dream that scum & bitters have.
YNWA
chuck the yanks and bring in the arabs
Dear Oh Dear… ;((
The increase in revenue was a direct result of the people and procedures the yanks put in place. When will the scousers see what everyone else can – their club has been poorly run for decades. Hicks and Gilette are no angels, but they’re also not the clowns Moores and Parry were.
20 years and counting…….
don’t forget David Moores.
&%$$%%##@!!*&&%%$#
damn it!!
Once we get new owners and the new stadium under our belt things will start looking up again. For now we just have to wait out this summer. I’ve also heard that there really is no asking price for the club, so offers do not have to be at the 800 million mark to be considered. My prediction is the club gets sold to Arabs after the World Cup and we bring in new talent selling only dispensable players or positions that need a slight upgrade. Rafa,Torres, Stevie, and Masch are all staying!!!
We have to stay optimistic about this summer and next season!!! there’s no way we’re going to turn into a Leeds and suffer a fall from grace…WE ARE LIVERPOOL FOOTBALL CLUB
Personally I think that the 4 mill. to get rid of Parry was probably the best money spend all year.
It might be “the price of two Sotirios Kyrgiakos” but it’s also “the price of 2/3rds of a Lucas’.
any other website and u can poke a bit of fun but not this one, typical scousers, cant face reading the truth
When will we the fans ever learn, we need 2 hit these blood sucking vampires ( the yanks )were it matters the most in there pockets. I urge all season ticket holders 2 stay away 4m the ground. This is the 1 thing that these blood suckers understand, if its not coming in in gate reciepts, thats when the planks mite sit up tuck tail & fcuk of back 2 the desert were they came 4m … WE DONT NEED THERE LIES N FALSE PROMISES. MOORES & PARRY U SHUD B ASHAMED OF YOURSELVES. U hv reduced our 1c GREAT club 2 a wreck……RAFA PLEASE TAKE THE JUVE JOB… IM SICK OF UR MIND GAMES
At least the yanks dont nick your wheels!
Intreasting comment Johnny r u a long time season tictet holder? or just a new kid in town???
Fans should do what they can to get those owners aut.
As long as fans are willing to come to games, buy season tickets and shirt etc. their profit is not indangered.
They are happy with repaing the debt as long as the bank and haggling over price to get as much profit as they can on the club.
I just wonder what the effect would be if no Liverpool fans would go to see the last game against Hull. Not much to see anyway, if all the previus games in the season are any indicator.
in the 70s and 80s people said I hope man utd don’t get it right because they can be massive I think that is really about us now if we get it right if we get new owners we keep on building the commercial side of lfc we can do to man utd what they have done to us
I just hope the new owner is in before the end of the world cup so we have time to spend on players or next season could be worse than this one
i am sorry guys but the loans will have to be serviced at least and unless a buyer comes along soon then torres or gerrard will be sold, worst scenario is that they both will be sold, and i 4 one can see that happening due to the pressure the banks will put on the club to repay the loans, also not making the top 4 will make the club much harder to sell due to the lost revenue, for me the way the club keeps on mentioning gerrard and torres in the media is not to placate the fans but to advertise thier players to the world hoping for a big offer that will be easy for the club to say that the offer was too good to turn down, evry club in the premier league is looking for a billionare owner who can wipe out their debt and start to spend big unfortunately their has only been two clubs bought by these rich boys in the last ten years. i do not see liverpool getting lucky in this financial climate, to add to that man utd was bought by the nega rich galzers and they are not doing as well as they thought they would be, yes they are still a team that challenges for the title, but for how long, their debt is biting their ass as well and soon you will see that come to reality when they will have to start to sell to pay off thier debt, the ronaldo sale was the only reason they made a profit last season, a new era of the top 4 is coming , chelsea will still be there as long as abramovic is around, but i believe that man utd debt will bite them in the next two years and arsenal the same, spurs villa citeh will all be pushing again next season, it is time for change and nothing lasts forever, so you should have enjoyed your time at the top and now wait for your time to come again, and it will……..
Not so fast, Antoine. Given Rafa’s notoriety on the transfer market of late, what makes you so sure the money would not be used to hire a few more Lucases, Ngogs, Kuyts, Babels and a cripple or two?
well i bloody disagree with paying out lucas, ngog and babel. That is not the problem
they are good squad players, that will develope with the team, for me its depth in quality,
man city have 7 top rate fowards, we have 1, need i say more, as for the yanks, they should have left last year, it would be lovely to have some sugar daddy owner to come in and sort it out
but life doesnt work like that, fans we are goin to have to battle it out, i see 1-2 tough seasons ahead, but there is a light at the end of the tunnel. we are after all the best english team throughout history. we are liverpool. be proud and stop bitching.
tom
Need to send a SWAT team in quick. Why, oh why did we bring these money grabbers in. Feels like the Trojan war horse saga.
great post as usual!
yanks out.
These bastards conmen Gillet and Hicks had left our club in huge debt nd I ll blame dat idiot former owner David Moyes dat sold to dem.In reality rafa has tried but how can a manager progress on pitch when is off pitch crisis too many to talk of.it shows d conspiracy between David Moores nd Rick Parry reflecting d amount paid off Rick parry which David Moores ratified nd it has become a ridiculous nd dodgy pay off in d history of our dear club nd in football history.I recommend all these bastards be investigated nd brought to book for abuse of funds..the biased media would not shed light on dat but if Rafa buys mistakenly they start making hell out of it I m gutted nd disappointed at d media too bias