Liverpool financials FY 18-19

[Mors]

Couldn't see a thread on it, but these are fantastic numbers really:

https://www.skysports.com/football/...profit-and-increased-turnover-for-last-season

Considering our owners are classed as lizards by some, the club really is moving in the right direction in every aspect since they've come in and we're on a really sound financial footing.

This financial period covers Apr-Apr(?) so not sure the Coutinho money is in there as he left in the Jan so their first payment would have been pre cutoff? Nor Virgil either as he was the Jan too. Defo Alisson, Keita, Fabinho though.
You'd have thought we'll get a massive increase in the next set based on this, due to the champions league win and spending naff all on transfers.

You'd have thought we could easily spend the money equal to buying Alisson, Keita, Fabinho again this summer if we wanted and still make a good profit.

 

[CT_LFC]

For those old enough, when was the last time this team was in such strong position on the pitch and on the books?

 

[Rosco]

I always think we follow the path of the Red Sox we're just a few years behind.

Unfortunately the Red Sox are caught up in a cheating scandal and have just traded away their best player in 60 years to save money.

So let's not get too ahead of ourselves

 

[CT_LFC]

I always think we follow the path of the Red Sox we're just a few years behind.

Unfortunately the Red Sox are caught up in a cheating scandal and have just traded away their best player in 60 years to save money.

So let's not get too ahead of ourselves

What does a baseball team in the US have any relevance to a football team in England? They play under completely different sets of rules and environment, regardless of who the owners are.

 

[Shadey]

For those old enough, when was the last time this team was in such strong position on the pitch and on the books?

Just after the dinosaurs were extinct.

 

[darkstarexodus]

I always think we follow the path of the Red Sox we're just a few years behind.

Unfortunately the Red Sox are caught up in a cheating scandal and have just traded away their best player in 60 years to save money.

So let's not get too ahead of ourselves

Totally. After Klopp leaves, Gerrard will become manager and then get a massive ban or be forced to resign.

 

[Shadey]

Totally. After Klopp leaves, Gerrard will become manager and then get a massive ban or be forced to resign.

Shush ya girl, think positive not negative..

 

[Rosco]

What does a baseball team in the US have any relevance to a football team in England? They play under completely different sets of rules and environment, regardless of who the owners are.

Two large market famous sports clubs with a long period without the success they wanted. Both taken over by the same owners.

With the Red Sox - they realised there were issues with the stadium, instead of moving they revamped the historic Fenway park adding capacity and modernising the stadium.
They worked to increase the commercial side of the business to ensure they had the finances to compete with their biggest rival.

They hired a young GM to revamp their organisation and built up a large analytics department to compliment their scouting set up.

When the finances improved they were content to shell out for top talent and were able to recruit top players.

They won the World Series for the first time in 80 odd years.

I would have thought it obvious that the broad strokes of what FSG did with the Red Sox has also happened with Liverpool.

 

[peterhague]

The question would be whether the recent problems with the Red Sox were any kind of natural consequence of the methods FSG have employed at both clubs.

I don't know anything about the Red Sox, but the obvious questions based on that snippet would be: have we been cheating? Are our finances unsustainable?

 

[CT_LFC]

Two large market famous sports clubs with a long period without the success they wanted. Both taken over by the same owners.

With the Red Sox - they realised there were issues with the stadium, instead of moving they revamped the historic Fenway park adding capacity and modernising the stadium.
They worked to increase the commercial side of the business to ensure they had the finances to compete with their biggest rival.

They hired a young GM to revamp their organisation and built up a large analytics department to compliment their scouting set up.

When the finances improved they were content to shell out for top talent and were able to recruit top players.

They won the World Series for the first time in 80 odd years.

I would have thought it obvious that the broad strokes of what FSG did with the Red Sox has also happened with Liverpool.

Do you know the circumstances that lead them to trade Mookie Betts, and why they are in the scandal?

They are completely different situations, not just in themselves, but in no way correlate with anything to do with Liverpool.

 

[CT_LFC]

The question would be whether the recent problems with the Red Sox were any kind of natural consequence of the methods FSG have employed at both clubs.

I don't know anything about the Red Sox, but the obvious questions based on that snippet would be: have we been cheating? Are our finances unsustainable?

Red Sox didn’t cheat and neither does Liverpool.

 

[StevieM]

Ross forgot to mention that both teams wear socks that are coloured red.

If that doesn’t prove the teams destiny’s are inextricably linked - I don’t know what does.

 

[Hansern]

This feels like a new «Virgil has only got one leg» logic.

 

[Rosco]

The question would be whether the recent problems with the Red Sox were any kind of natural consequence of the methods FSG have employed at both clubs.

I don't know anything about the Red Sox, but the obvious questions based on that snippet would be: have we been cheating? Are our finances unsustainable?

There's no suggestion that the Red Sox finances are unsustainable. They just decided they didn't want to give him the contract extension he was looking for, so traded him for a less than whelming package.

 

[Rosco]

Red Sox didn’t cheat and neither does Liverpool.

Lol.

The Red Sox fired their manager because he was caught cheating.

 

[keniget]

There was something in the papers (Mirror?) the other day about City supposedly having some dirt on us that'd land us in the shit.

 

[MaBigTip]

Lol.

The Red Sox fired their manager because he was caught cheating.

Caught cheating for the Houston Astros. As in the Houston Astros were cheating for years and he was one of the ringleaders of a team of cheaters. Then when the Red Sox found out that their manager had cheated in his past they fired him... Literally nothing to do with the Red Sox cheating but yet you talk with all the confidence in the world....while inaccurately correcting a guy who lives in the Red Sox's backyard.

 

[YNWA]

There's no suggestion that the Red Sox finances are unsustainable. They just decided they didn't want to give him the contract extension he was looking for, so traded him for a less than whelming package.

They had to trade him because this would have been the third consecutive year where Red Sox wage bill would have been above the salary cap. The third year is important as it kicks in a 90% luxury tax on the team where as the first 2 years the luxury tax % is relatively much lower.

Basically they didn’t have a choice


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[Rosco]

Caught cheating for the Houston Astros. As in the Houston Astros were cheating for years and he was one of the ringleaders of a team of cheaters. Then when the Red Sox found out that their manager had cheated in his past they fired him... Literally nothing to do with the Red Sox cheating but yet you talk with all the confidence in the world....while inaccurately correcting a guy who lives in the Red Sox's backyard.

Major League Baseball's investigation into sign-stealing by the Boston Red Sox may not reveal as serious instances of cheating as what was uncovered with the Houston Astros.

According to MLB Network insider Jon Heyman, the league's examination of sign-stealing tactics in Boston is nearing its conclusion and hasn't found transgressions that raise to the level of brazenness Houston showed. That's not to say there haven't been repercussions for the Red Sox or that more aren't on the way.

 

[Rosco]

They had to trade him because this would have been the third consecutive year where Red Sox wage bill would have been above the salary cap. The third year is important as it kicks in a 90% luxury tax on the team where as the first 2 years the luxury tax % is relatively much lower.

Basically they didn’t have a choice


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They saved $12m in luxury tax by trading their best player since the legendary Ted Williams.

This is a team with more than half a billion in annual revenue. And made 80m in profits in 2018.

So a team that doesn't necessarily need to save money is still doing so, by getting rid of their best player.

 

[MaBigTip]

But its still not the Red Sox cheating at the organisational level the way the Astros have been proven to be. As in its not about the Red Sox cheating... if the bad apple was cheating and the fired him... is that the same thing.

 

[Rosco]

But its still not the Red Sox cheating at the organisational level the way the Astros have been proven to be. As in its not about the Red Sox cheating... if the bad apple was cheating and the fired him... is that the same thing.

Except it was happening before Cora arrived and involved multiple people - camera crews, video analysts, coaches and players.

Granted there was nobody banging a trash can to signal an off speed pitch like their was with the Astros but it was still an organisational effort.

 

[MaBigTip]

Up until the banging a trash can that is all pretty standard as part of baseball. Stealing signs is a legal part of the game. Doing it with tech real time and passing the info to a batter is illegal. Its a very strange game built on years and years of precedence. Until the report comes out nothing you said would even be mentioned by a Yankees fan 24 hours later.

 

[Rosco]

So now you're aware of the facts of the matter you're no longer saying it was one bad apple but everyone does it.

The reality is FSG had no problem presiding over a cheating organisation until it began making headlines.

Which kinda backs up my initial point which was that even though everything looks rosy now , be aware FSG are still a bit sneaky so don't assume everything will remain the same.

 

[MaBigTip]

No dude, I used to follow baseball and play it as a kid...even taught it at a point. Minor cheating like stealing signs has always been done and is considered gamesmanship. This is a sport with a whole era that carries an asterisk when mentioning statisitics. What you mentioned doesn't register yet... lets see what gets found out, but as of now they're just tainted by the connection.

 

[Woland]

They saved $12m in luxury tax by trading their best player since the legendary Ted Williams.

This is a team with more than half a billion in annual revenue. And made 80m in profits in 2018.

So a team that doesn't necessarily need to save money is still doing so, by getting rid of their best player.

Yeah this is the telling bit I think. We'll see what happens here when the going inevitably gets tough

 

[peterhague]

Well if the argument is that they won't bankroll us to make up for losing Klopp's magic once he eventually moves on, and so a decline is effectively inevitable, then that's almost certainly true.

But I don't think anyone would expect otherwise if they actually gave it a bit of thought.

 

[Woland]

They might though. I mean it's not like footy is getting any less popular. I'd imagine Liverpool has far more potential than Red Sox.

 

[Rosco]

I think it does too. Baseball TV ratings aren't great and FSG already own the rights to show Red Sox games through their media company NESN.

I think in the long term they might want to do the same with Liverpool games rather than have the TV rights dealt with by the Premier League. They've already kicked a fuss over our share of international money.

 

[Woland]

I'm on about the whole global thing. American sports have a very limited reach and red sox are probs as big as they can ever possibly be. I mean just because they can't be arsed with the red sox anymore doesn't mean they'll give up on us when we've won everything, because there's still so much more potential growth.