[quote author=themn link=topic=44214.msg1284874#msg1284874 date=1297593772]
*Rosco voice*
What makes you think we'll have £50M to spend ?
[/quote]
Clearly nobody has ever listened to a word Ive said. I think I need some prick on Twitter to tweet this or some half baked journo to write it before anyone will actually believe it, but it's in black and white in the accounts.
last published accounts (end of 2009 season) show Income = 185m, Outgoings = 197m + Interest of 40m.
= Total Loss of 52m. Remove interest, still a loss of 12m.
That 52m loss was covered by a loan from the parent company (H&G) to LFC, that loan will never be repaid - hence the "epic swindle".
H&G's plan completely failed, they paid all the interest ultimately. However people still think that the interest was the reason why we couldn't spend. It wasn't. It was everything else. I know the media narrative has been H&G were dragging the club down, but the truth is they were, ever so slightly, subsidising us. And until people start realising that to be the truth they are going to have completely unrealistic expectations for the club's short term future, and they will inevitably cast aspersions on FSG. It's so utterly predictable and it's beginning already. Unfortunately the 2010 accounts are probably unlikely to be available before the start of the summer window but if they were you would be able to have a guess at what our spending will be.
From now on I'm going to encourage people to think we'll have 100m net spend during the summer, and quote some unknown Scandinavian with a liverpool jersey on Twitter.