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Author Topic: Liverpool Bankrupt?  (Read 1405 times)
Jonola (Jon)
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« on: June 05, 2009, 02:47:23 PM »
Worrying For Scouser Fans

Liverpool said it had been granted a license to play in next season’s Champions League, access to which is contingent on proving the business is a “going concern.”

The owners say they have no plans to walk away from the 18- time English champion. Instead, they have held talks with potential investors about acquiring an equity stake and are in discussions with their bankers to extend their loan.

On July 24th, £350 million must be paid back to RBS and Wachovia, the two banks.

Where that money is going to come from God alone knows.

Not only will UEFA kick clubs out of competition for financial impairments but the Premier League can impose significant points deductions.
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waltonbasinman
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« Reply #1 on: June 05, 2009, 02:53:40 PM »
One day sooner than we think this kind of debt will have to cease.I am shocked at the debt of our so called big clubs. Man utd, Liverpool and the like can not sustain this without penalty.
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Tafflaff (Rob)
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« Reply #2 on: June 05, 2009, 02:57:57 PM »
Gone have the days of actually buying things with money already earned!
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There is only so many times one can turn the other cheek.
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« Reply #3 on: June 05, 2009, 03:00:38 PM »
Liverpool Football Club ........................forever Grin
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Jonola (Jon)
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« Reply #4 on: June 05, 2009, 03:02:32 PM »
They are paying an incredible £36 000 000 a year INTEREST on the debt. They haven't paid ONE PENNY off the actual loan they took out to buy the club.

The club is losing over £100 000 A DAY

You shouldn't be allowed to owe the aounts premiership sides do. It skews the playing field. The top four teams are the most in debt. If they were servicing the debt it would be kind of fair. But they are not, they are falling more into debt every day to stay in the top four. If one of the top four loses its Champions League place they may go the way of Leeds.
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