Nicked from another site:
The joke of the LFC transfer fund
Liverpool were rocked earlier this summer by the accounting revelations that under Hicks and Gillett, Liverpool FC are making annual payments to the RBS of £40M – effectively stripping out the small amount of profit from the club, and thanks to the complex accounting with Kop Football Holdings as a parent company – the club’s debt – overall – is massively increasing.
With the arrival of Hicks and Gillett – Liverpool were promised the funds to compete in the transfer market – but that promise is looking as hollow as all the rest of the big promises from the clubs owners.
If anything – Liverpool appear even less forceful in the transfer market.
We all knew that with the departure of Keane – the reds would need a solid backup striker for Torres – and we’ve all lamented our lack of a world class winger. In those games when we struggled to break down defences at Anfield – results that cost Liverpool the title – the absence of someone with creativity to relieve the pressure on Gerrard and Torres was clear for all to see.
Last summer Liverpool spent a net total of £21 million on players.
This summer, with the reds in a great opportunity to build on last season’s improvement, it looks as if LFC will be trying to make a profit.
£13 million up front was pocketed by the club in January lets not forget – for the sale of Robbie Keane (and this deal could increase to bring another £3 million in)
£3 million was raised with the departure of Sebastian Leto and around £500,000 was raised with the sale of a few fringe players.
In contrast Liverpool have signed Glen Johnson in a £16.5 M deal – but with money already owed by Portsmouth for Peter Crouch – the reds did not need to shell out the full amount.
OUT
Robbie Keane £13M (could rise to £16M)
Sebastian Leto £3M
Others £0.5M
IN
Glen Johnson £16.5M
TOTAL TRANSFER SPEND = £0
You have to wonder exactly who Hicks and Gillett think they are fooling. The calculator doesn’t lie. The Xabi Alonso speculation has been going on for months now – and now we hear various rumours that if we sold him – both David Silva and a central midfielder such as Wesley Sneijder could be arriving.
But when Liverpool FC have technically not shelled out a penny this summer – then we shouldn’t have to sell anybody to fund two such transfers.
Meanwhile the reds will carry on paying RBS £1 million every 9 days in interest alone.
The joke of the LFC transfer fund
Liverpool were rocked earlier this summer by the accounting revelations that under Hicks and Gillett, Liverpool FC are making annual payments to the RBS of £40M – effectively stripping out the small amount of profit from the club, and thanks to the complex accounting with Kop Football Holdings as a parent company – the club’s debt – overall – is massively increasing.
With the arrival of Hicks and Gillett – Liverpool were promised the funds to compete in the transfer market – but that promise is looking as hollow as all the rest of the big promises from the clubs owners.
If anything – Liverpool appear even less forceful in the transfer market.
We all knew that with the departure of Keane – the reds would need a solid backup striker for Torres – and we’ve all lamented our lack of a world class winger. In those games when we struggled to break down defences at Anfield – results that cost Liverpool the title – the absence of someone with creativity to relieve the pressure on Gerrard and Torres was clear for all to see.
Last summer Liverpool spent a net total of £21 million on players.
This summer, with the reds in a great opportunity to build on last season’s improvement, it looks as if LFC will be trying to make a profit.
£13 million up front was pocketed by the club in January lets not forget – for the sale of Robbie Keane (and this deal could increase to bring another £3 million in)
£3 million was raised with the departure of Sebastian Leto and around £500,000 was raised with the sale of a few fringe players.
In contrast Liverpool have signed Glen Johnson in a £16.5 M deal – but with money already owed by Portsmouth for Peter Crouch – the reds did not need to shell out the full amount.
OUT
Robbie Keane £13M (could rise to £16M)
Sebastian Leto £3M
Others £0.5M
IN
Glen Johnson £16.5M
TOTAL TRANSFER SPEND = £0
You have to wonder exactly who Hicks and Gillett think they are fooling. The calculator doesn’t lie. The Xabi Alonso speculation has been going on for months now – and now we hear various rumours that if we sold him – both David Silva and a central midfielder such as Wesley Sneijder could be arriving.
But when Liverpool FC have technically not shelled out a penny this summer – then we shouldn’t have to sell anybody to fund two such transfers.
Meanwhile the reds will carry on paying RBS £1 million every 9 days in interest alone.
