Liverpool Thread 2014/15

[Prestwich_Blue]

And it's got to be paid back within 5 years, via dividends paid to FSG and you can only pay dividends out of profits. Will the new stand's extra capacity generate £30m a year? If it doesn't that'll cramp their spending on players somewhat and they'll have to keep wages down. Plus anyone decent will be sold if they get a good offer.

Actually, I think I'm confusing things. I think the facility was a 3 year which I believe was paid down and, I think, they redrew as an RCF.

The inter-company loan was indeed paid by FSG, and it looks like it topped up an existing credit to them, with sum value circa 69m.

To be honest, their accounts aren't in that bad shape, once they finish their capex (and provided it contributes towards cashflows) they look healthy enough at a cursory glance

They made a cumulative loss of around £90m in the previous 2 years, which is why UEFA investigated them. The additional BT Sport money from the PL will have pulled them in or close to break-even and the CL money might well have put them into profit. They may get something like £20-25m a season from the extra seats in the expanded Main Stand so if all that carried on, they'd be pretty healthy I'd say.

But they won't be getting any more CL money for a while (unless they're very lucky) and they'll lose £20m of PL prize money compared to last season if they finish where they are now. You'd also have to question whether a team that can only offer mediocre football and Europa League in a good year will be able to command the premium prices for coprporate facilities that they're looking to achieve. So there's a chance they'll be £50m a season worse off than they might have expected if they were factoring in regular top four finishes and CL income.

And it's quite possible they were relying on a lot of that £50m to pay for the stand.

 

[foetus]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

And some more gems from RAWK, this time from when the CL draw was made. Make sure you go for a wee before you read these or there could be some wet trousers.

a real glamour tie with a european giant who just so happen to be the holders and 2 fodder clubs we'll take 12 points from, luvly jubbly as del boy would say.

i actually think we have an easier group than chelsea

Beat Basel and Ludogorets at home, one of them away and draw another and that's ten points without playing Madrid.

Piss easy that group.

Not bad at all! Just got to do the business with Basel and Ludogerets and were on the way

At least second from this group

Woohooo... we are getting out of this group for sure

3 home wins please and at least two away wins. Win the group.

Should comfortably be Liverpool and Real Madrid that get through. We should get more than 12 points too.

Thats perfect for me, 2 beatable teams and then an elite team, the games against Madrid give us experience for the knockout rounds against the big teams

We should finish second there. Didn't want us relying on beating Real Madrid to avoid Europa.

But we can finish as the group winner. They'll be the one feeling under pressure as defending champions.

And possibly the best:

Hotel room in berlin booked already, this will be a breeze

Too good!

 

[moomba]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

They won't be seeded in the R32 draw either.

Napoli would be nice for them.

 

[foetus]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

This will never get old

[video]https://www.youtube.com/watch?v=i26gslXjfjU[/video]

 

[roaminblue]

They made a cumulative loss of around £90m in the previous 2 years, which is why UEFA investigated them. The additional BT Sport money from the PL will have pulled them in or close to break-even and the CL money might well have put them into profit. They may get something like £20-25m a season from the extra seats in the expanded Main Stand so if all that carried on, they'd be pretty healthy I'd say.

Yes, but it was a cumulative loss post accruals, no? Operating income, EBITDA relatively robust. Also if the facility is an RCF, they don't have to draw down, although they will get charged on unused amounts. The intercompany loan doesn't have a schedule on it. From a business perspective and, I stress, having only perused the most recent annual report, they look ok. If stagnant.

However, this is what I agree with:

But they won't be getting any more CL money for a while (unless they're very lucky) and they'll lose £20m of PL prize money compared to last season if they finish where they are now. You'd also have to question whether a team that can only offer mediocre football and Europa League in a good year will be able to command the premium prices for coprporate facilities that they're looking to achieve. So there's a chance they'll be £50m a season worse off than they might have expected if they were factoring in regular top four finishes and CL income.

And it's quite possible they were relying on a lot of that £50m to pay for the stand.

the company is only as good as the present value of its future cash flows. This an issue, if revenues don't pick up and the regulatory pressures continue, they will struggle to raise financing.

 

[moomba]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

The perfect time to unsettle Sterling.

I worry about Sterling. He has looked poor in the champions league so far, and despite the wanking over him at the World Cup I don't think he was great there either.

Liverpool have a bit of a track record of burning out players, look at the likes of Owen, Torres etc who have fallen in a hole way earlier than you would expect. I reckon they're going the same way with Sterling.

 

[Barcon]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

The perfect time to unsettle Sterling.

I worry about Sterling. He has looked poor in the champions league so far, and despite the wanking over him at the World Cup I don't think he was great there either.

Liverpool have a bit of a track record of burning out players, look at the likes of Owen, Torres etc who have fallen in a hole way earlier than you would expect. I reckon they're going the same way with Sterling.

I wouldn't touch him with a 10' pole. Just a shit Shaun Wright Phillips.

 

[moomba]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

[bigimg]http://imageshack.com/a/img673/3950/PVCOQF.jpg[/bigimg]

 

[stony]

Re: The Red Lion Pub Team (aka Liverpool) Thread 2014/15

[bigimg]http://imageshack.com/a/img673/3950/PVCOQF.jpg[/bigimg]

[bigimg]http://homepage.ntlworld.com/s.burns/images/portrait-james.JPG[/bigimg]

 

[Prestwich_Blue]

They made a cumulative loss of around £90m in the previous 2 years, which is why UEFA investigated them. The additional BT Sport money from the PL will have pulled them in or close to break-even and the CL money might well have put them into profit. They may get something like £20-25m a season from the extra seats in the expanded Main Stand so if all that carried on, they'd be pretty healthy I'd say.

Yes, but it was a cumulative loss post accruals, no? Operating income, EBITDA relatively robust. Also if the facility is an RCF, they don't have to draw down, although they will get charged on unused amounts. The intercompany loan doesn't have a schedule on it. From a business perspective and, I stress, having only perused the most recent annual report, they look ok. If stagnant.

However, this is what I agree with:

But they won't be getting any more CL money for a while (unless they're very lucky) and they'll lose £20m of PL prize money compared to last season if they finish where they are now. You'd also have to question whether a team that can only offer mediocre football and Europa League in a good year will be able to command the premium prices for coprporate facilities that they're looking to achieve. So there's a chance they'll be £50m a season worse off than they might have expected if they were factoring in regular top four finishes and CL income.

And it's quite possible they were relying on a lot of that £50m to pay for the stand.

the company is only as good as the present value of its future cash flows. This an issue, if revenues don't pick up and the regulatory pressures continue, they will struggle to raise financing.

You're right about the accounts, at least the ones to 2013. They generate a net surplus from their operating activities although player amortisation puts them into a loss-making situation. The extra revenue from domestic TV should contribute to a reasonably healthy financial position for 2014, plus the CL income this year will also keep them healthy, depsite not achieving the same level of domestic TV revenue.

But as far as I'm aware, regardless of how FSG have raised the finance, from Liverpool's point of view it's an interest-free loan (rather than an RCF) that has to be repaid over 5 years and they'll have to draw it in order to finance the stadium work. Without either of the level of domestic and UEFA broadcasting revenues they'll have in FY2014 and FY2015 then they might just be OK. Without both then they'll possibly struggle to find the cash to repay that money, let alone buy any decent players.