I'd expect the owners to re-invest what the club can get from selling players who aren't in Kenny's plans. I'd also think around £40-50M to be invested by FSG.
Is King Pepe really a moderator here? I'm red to the bone...but his posts are giving every forum a juvenile feel to them.
Alright Spev. Good to see another old name on here from the other place. On a fifferent issue, I watched BBC breakfast news thsi morning on the debt in football clubs. I'm sure it said we were 350 million in debt. How can this be? Can someone please tell me now?
That was for 2009/2010. It was on SSN today. The figure is and I got this from some sources is £37 million that wasn't paid back when the club was sold.It covers two things,one a credit facility that was used by Hicks and Gillett for transfers and was taken on by the new owners plus money that was spent on the stadium design.As Martin Broughton said at the time its a ''working capital problem'' and nothing for the fans to worry about,the interest repayments have decreased from £40 odd million to £2 million a year.FSG at any point can pay it back if they wish.They will probably when the club is making a high level of revenue.The ''Aquisition debt'' that was on the club is gone.
Long time, no RHC. Glad tidings, fellow Rednut. This a test or summin?...LFC have negligible debt. Re-financed during the sale...but then you know that, right?
Another piece of shoddy journalism from that bastion of impartiality & free speech - The BBC Hi Spevin - I was "Music Is The Best" on 606
Its not negligable debt. Its as Martin Broughton said ''a working capital issue''.Its basic house-keeping.Nothing to cause a massive drama over.
KPR does tell the truth, we do have debt of around £40m, but from what I understand it's just operating cost and FSG have chosen not to pay it back yet.
Yup, nobody missing the facist dictatorship then?...Regime change treating everyone well I hope...Good good. Upturn in all our fortunes. LFC the most...thank the lawd!
I'm alright mate. Glad to see our numbers are growing on here. I did try that ja606 but it's beyond a joke! If you thought 606 was bad for wumming, then ja goes far beyond it. At least on here you can tell the wums exactly what you think of them, and the board mods have the power to ban as well. It's all good stuff
Operating costs...yeah I heard that phrase used a few times...still not sure why that's left to hang...Better off than we were tho right?! Immeasurably!
Agreed Music Jonsey...although not actually much to discuss here right now...guess it's just bad timing. Looking foward to seeing young Henderson - but gutted missed on Young...so it seems. Aqua can go jump btw.
Ze Liverbird. Its rarely mentioned as its not worth mentioning. The interest repayments on it are from what I heard paid by FSG and not by the club.
If you look at the corporate value of LFC - assets (ground, players, melwood, etc.) and the exisiting and projected revenue stream then £40 million (which is carried by Fenway and not the club) then LFC are not in debt. We did make a reported loss 2009 but that was actually for accounting purposes only. Now if we invest heavily in both stadium and players that situation could change.
Thats also unlikely to happen. I'll tell you why. John Henry and Tom Werner operate in Hedge funds.Now they don't put ''all their eggs in one basket''. What they do is they cream off the top of all their businessses to supplement another. So if they need say £250 million to re-develop Anfield they will gather the money from their other 7 companies.Thats if they decide to re-develop Anfield. When the Liverpool revenue starts to come in heavily they will cream off the top and put it in their other 7 companies. I cannot see them taking out a loan.If they do,they will more than likely put it on themselves aka FSG rather than the club.
Yeah it did,and they paid it back and re-inbursed themselves considerably with ''consultation fees''.
