Liverpool fail FFP

After all the bleating by the Dippers about our spending, it seems they are the ones cheating Fair play

http://www.theguardian.com/football...-financial-fair-play-50m-annual-loss-accounts

You could not make it up

 

Worrying for them. But knowing the scousers there will be some conspiracy at the bottom of all this. I think foil hats are being polished as we speak....

 

Apparently it's great news, losing over £90m in less than 24 months is genuine progress on planet kopite.

 

Is this the thread for people who dont like reading the details?

Profits up, debts down.

 

I take it you don't know the difference between turnover & profit?

You've set fire to £50m which is indeed an increase over the previous years £40m - well done

 

I like this!!

 

How are profits up?
You havent made any profit?
You have lost £50m.
You mean turnover is up? Well so is your expenditure, so that kinda writes that off.
You should do better next year though, as you will have CL football again.

 

It apparently is now!!

 

God forbid, now it wont be safe to take your kids to a European game again.

 

Don't take them to Stamford Bridge anyway. Graham Rix might rape them.

 

If it cost them £50mill just to finish in the top half of the league last season then **** knows how much it's cost them already this season

As I said on our board it's interesting to see the Beeb giving the news almost no attention on their site, yet when you or City post a big loss it's plastered all over the front page as a big story. The article is currently sitting just above news about a Torquay player and just below a day old article about Sol Campbell's comments.

 

He hasnt worked for us in about 10 years.

Jimmy Saville often visited Anfield though i seem to remember

 

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Should have said revenue. (didnt do myself any favours there..lol)

Fact remains though that Liverpool are improving financially and we have not failed FFP

 

How is increasing the amount of the annual loss a financial improvement?

At face value you have spectacularly failed FFP btw, it just depends on what the value of the pre-2010 contracts are, together with how much of the turnover - in the last 2 financial years - you can genuinely attribute to infrastructure costs.

 

Well if revenues are up? % wages/total revenue is down to 60%, (when it was as high as 80%) then you can presumed that the factors creating the debt are most likely infrastructure costs and old debt.

Our old owners left us a lot of **** and it is unfortunately still being swept out. Im itching to see the full breakdown, but im pretty confident that we are going to be fine.

 

Wrong. The reason you've posted yet another massive loss (3rd year running you've posted over £40m) is that you're spending more than you generate on player purchases and therefore your amortisation and player trading losses, is destroying the operating profit that you've created.

You're basically living beyond your means & the fact that the accounts mention a further £53m of player spending from the summer that's not in this set, means that the next set are highly likely to show another massive blow.

The old regime is a red herring. The new owners took the club at less than it's market value from RBS and could have written off all of the remaining debt at the point of purchase had they wished to. As it stands they've merely taken some of the debt from external creditors to in house loans from what I can see.

What these numbers show is that for the 3rd year running you're spending like a CL club, but without the revenue it generates.

 

Could you forward the breakdown of the costs that you have clearly seen Tobes?

 

The full accounts are on the Red ****e Echo site mate.

 

Good skills. ill have a look.