Must admit I am watching what is going on at Liverpool with a morbid facination.
Everyone knows that financially they are fucked, £400 million in debt that needed refinancing 6 months ago, RBS the holder is state owned and wont lend to them again, there are no takers for this sort of debt currently.
They were losing £50 million a season even before they lost the champions league (£25 - £30 million a season) plus their league placing droped from 2 - 7th, no decent cup runs.
They could easily lose another £80 - £90 million in this financial year if something is not done. The owners want out and hate each but the cost of buying the club from them, clearing the debts, and building the new ground is approaching £1 billion now. Whos going to pay that for liverpool ?
Really they should be selling anything with a pulse to balance the books but this is football.
Everyone knows that financially they are fucked, £400 million in debt that needed refinancing 6 months ago, RBS the holder is state owned and wont lend to them again, there are no takers for this sort of debt currently.
They were losing £50 million a season even before they lost the champions league (£25 - £30 million a season) plus their league placing droped from 2 - 7th, no decent cup runs.
They could easily lose another £80 - £90 million in this financial year if something is not done. The owners want out and hate each but the cost of buying the club from them, clearing the debts, and building the new ground is approaching £1 billion now. Whos going to pay that for liverpool ?
Really they should be selling anything with a pulse to balance the books but this is football.