Will be closer to £45m atm, and it'll have to be written off. But that's already accounted for by the new owners and covered by the funds they made available at the takeover. As is the operating debt which is also in that loan facility.
Not quite debt free, there is 37 million of stadium debt in place.
I feel sorry for him in the fact that the fans were never behind him in the first place. It was almost as if the Liverpool fans from the start was like he isen't fit enough to manage us and thats not fair on the man.
i did at first, but when you are 4 months in and still playing football that is actuallt detrimental to your sides strengths then you deserve everything you get
What?
We sacked him because of his disgraceful performances. Stop looking for an argument.
The loss in the last accounts was solely down to the interest payments coming out. Having that amount of interest to pay was unsustainable for the club, let alone then trying to pay off the principle.
Currently, the only debt on the club is the one used for stadium development and day-to-day expenses rather than the full weight of the massive purchase debt plus the additional refinancing from further up H&Gs ponzi scheme and the banks.
Best way I can think to draw a comparison is someone finally having cleared the massive loan they took out to buy a car. Once they've done it, that money then becomes available for them to spend on jelly babies or whatever every month.
The full accounts are releaseed every year from Company House and cost a pound for you to access per company. They are one year out of date, although contain information which is applicable closer to the time. What I've done is accounted for the known expenses and increases in revenue the club has had since the last accounts. It comes to around £70m a season. You could argue that there will be additional costs - I haven't taken off the cost of, say, Carra's new contract which may well be an additional £1m a season, but I'll be in the right ballpark. It's why the whole league should be very, very worried if the Mancs ever get rid of the Glazers and when the Arsenal finally finish paying off their stadium debt - the new financial rules will mean that those two clubs will be at a massive financial advantage. Almost uncatchable. It's why the Spuds want the Olympic Stadium at a bargain price rather than putting themselves in debt to buy their own stadium. It's why stadium expansion is being discussed at Liverpool. It's why Chelsea are up **** creek without continuing and sustained success on all fronts. It's why City's owners have been spending money like water over the past couple of seasons before the rules kick in. And it's why Lerner at Villa has given up trying to compete.
Sums it all up when only opposition fans are the ones sticking up for him...
Unlikely, much as i would love to see us rip them apart. Liverpool vs United, form goes out the window, especially in a cup game. This match will be huge, and I wouldnt call us anyting else apart from very slight favourites. Expect SAF to play a full strength side
to be honest it was a scapegoat of an appointment. He was always going to have to work hard after a loved manager (much like Benitez after Mourinho) and he failed to win over the fans, not becuase of results but becuase of performances.Im not saying he deserves it now because he does. im saying when he was appointed, unless Liverpool fans can travel in the future and see what was going to happen then it was appauling the way they treated him from the off.
---------- Post added at 06:24 PM ---------- Previous post was at 06:23 PM ----------
Read my post again and tell me where i said you shouldnt have sacked him??? I said the way you treated him from the off was dis-graceful.
Poor Roy...didn´t get half a chance, but LFC would never get going in the current state of affairs.
But i´d like to hear LFC fan´s thoughts on a subject: What if KK cant turn the tide? What if gets worst than Roy? Will you want him sacked? What legend will you call next time?
lol none of them can actually manage on any basis, at least Dalglish can. But the sooner they appoint a long term manager the better, becuase they have a lot of work to do before thy can even think of challenging for top four next seasonIan Rush??? John Barnes??? Stan Collymore???
Guss Hidink would be good as would Jose Mourinho but he will never mange Liverpool with no moey to spend, he will end up at one of the Manchester clubs
you might as well bring roy back. O'Neill is over ratedMartin O' Neill?. He's got an excellent record
This may sound stupid but....
David Moyes ?
Lol, and I'm not saying he's not good enough, I just think it would be funny if that happened.This may sound stupid but....
David Moyes ?