laserblue
Well-Known Member
They moved £50m of losses to the infrastructure losses which are not regulated by FFP yet this was spent on a few pictures and plans seems very excessive for what they got The losses that they wrote off? Not sure but guess it’s was debt they inherited from Glicks and Gillette
FSG took over from Hicks and Gillett in 2010. The offsetting of the £50m against FFP conveniently took place in 2015 when Liverpool were about to fail FFP.