Liverpool debts rise £21.8m to £87.2m

Liverpool have revealed the effects of spending on transfers, reporting a loss of £40.5 million in the ten months leading up to May 31, 2012 and a £21.8 debt increase from £65.4 million to £87.2 million in that time period.  Liverpool’s owners, Fenway Sports Group, completed expensive signings including Stewart Downing from Aston Villa and Jordan Henderson from Sunderland that accounted for most of their £40.5 million loss and debt increase.  Another factor was Liverpool’s £9.5 million pay off to former manager Kenny Daglish and his assistants.  Despite that, managing director Ian Ayre said Liverpool were being “prudent” in the transfer market and that Fenway Sports Group would continue to give Liverpool manager Brenden Rodgers the backing he needs to make Liverpool a top European club again.

“We will continue to invest in the squad – I think that is what our fans would expect,”  He told the Liverpool Echo.

“But the most important thing is that we do it prudently and in a sustainable way that is affordable, and that we all have our sights on the same goal – success.”

But it is not all bad for Liverpool, and despite their losses their annual pre-tax loss fell from £49.3 million to £40.5 million in the 2011-12 season.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s