Liverpool FC (The Reds) | Special Thread
Liverpool FC (The Reds) | Special Thread
Belo
JF-Expert Member
- Jun 11, 2007
- 12,897
- 10,213
Hali sio shwari ANIFIELD
Liverpool facing ruin | The Sun |Sport|Football
Liverpool facing ruin | The Sun |Sport|Football
Kuntakinte
JF-Expert Member
- May 26, 2007
- 701
- 34
kwani wamefulia ama ndio wanaanza kufulia? hehe....
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
Indeed. The club is being run well and is fiscally responsible . Its the owners who are causing the debt issues re their financing of the purchase ofthe club.
Anfield concern as owners lose £41m
Jun 5 2009 by Our Correspondent, Liverpool Daily Post
Add a comment
Recommend
Anfield concern as owners lose £41m
LIVERPOOLS owners Tom Hicks and George Gillett suffered a £41million loss mainly due to interest payments on the debts they took on to buy the club, accounts released last night reveal.
The clubs accountants have also warned that remaining uncertainty over refinancing the £350million debt before the July 24 deadline may cast significant doubt on the groups and parent companys ability to continue as a going concern.
Although Hicks and Gillett say they are confident of securing a refinancing deal, the figures reveal the financial success of the football club is being swallowed up by the cost of servicing the parent companys loans.
The accounts for the year ending July 2008 showed Liverpool made a £10.2million pre-tax profit but the parent company Kop Football (Holdings) Ltd made a substantial pre-tax loss of £41million, mainly due to interest payments totalling £36.5million.
The clubs accountants KPMG LLP also expressed a warning in their notes in the filed accounts.
The accountants said: The group has credit facilities amounting to £350million which expire on January 24 2009. The directors have initiated negotiations to secure the replacement finance required by the group and these negotiations are ongoing.
These conditions... indicate the existence of a material uncertainty which may cast significant doubt on the groups and parent companys ability to continue as a going concern.
The clubs turnover was a record £159.1million compared to £133.9million the year before, with a pre-tax profit of £10.2million.
That was reflected by a similar turnover for Kop Football (Holdings) of £161.8million most coming from the football club but the overall pre-tax loss of £41million.
Hicks and Gillett have been scouring the globe to find investors keen on putting money into the club but so far without success.
It is not Hicks only problem he has said he is prepared to sell a majority shareholding in his Texas Rangers baseball team after the Hicks Sports Group in April defaulted on £325million (525million US dollars) in loans relating to that team and his Dallas Stars ice hockey side.
Sean Hamil, a lecturer at the University of Londons Birkbeck Sport Business Centre, said: Any company, never mind a sports company, which is not able to cover interest from operating activities has three options: refinance, get new equity investors, or sell ito somebody who is prepared to absorb the debt and start from scratch.
http://www.liverpooldailypost.co.uk/...2534-23798294/
__________________
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
Indeed. The club is being run well and is fiscally responsible . Its the owners who are causing the debt issues re their financing of the purchase ofthe club.
Anfield concern as owners lose £41m
Jun 5 2009 by Our Correspondent, Liverpool Daily Post
Add a comment
Recommend
Anfield concern as owners lose £41m
LIVERPOOLS owners Tom Hicks and George Gillett suffered a £41million loss mainly due to interest payments on the debts they took on to buy the club, accounts released last night reveal.
The clubs accountants have also warned that remaining uncertainty over refinancing the £350million debt before the July 24 deadline may cast significant doubt on the groups and parent companys ability to continue as a going concern.
Although Hicks and Gillett say they are confident of securing a refinancing deal, the figures reveal the financial success of the football club is being swallowed up by the cost of servicing the parent companys loans.
The accounts for the year ending July 2008 showed Liverpool made a £10.2million pre-tax profit but the parent company Kop Football (Holdings) Ltd made a substantial pre-tax loss of £41million, mainly due to interest payments totalling £36.5million.
The clubs accountants KPMG LLP also expressed a warning in their notes in the filed accounts.
The accountants said: The group has credit facilities amounting to £350million which expire on January 24 2009. The directors have initiated negotiations to secure the replacement finance required by the group and these negotiations are ongoing.
These conditions... indicate the existence of a material uncertainty which may cast significant doubt on the groups and parent companys ability to continue as a going concern.
The clubs turnover was a record £159.1million compared to £133.9million the year before, with a pre-tax profit of £10.2million.
That was reflected by a similar turnover for Kop Football (Holdings) of £161.8million most coming from the football club but the overall pre-tax loss of £41million.
Hicks and Gillett have been scouring the globe to find investors keen on putting money into the club but so far without success.
It is not Hicks only problem he has said he is prepared to sell a majority shareholding in his Texas Rangers baseball team after the Hicks Sports Group in April defaulted on £325million (525million US dollars) in loans relating to that team and his Dallas Stars ice hockey side.
Sean Hamil, a lecturer at the University of Londons Birkbeck Sport Business Centre, said: Any company, never mind a sports company, which is not able to cover interest from operating activities has three options: refinance, get new equity investors, or sell ito somebody who is prepared to absorb the debt and start from scratch.
http://www.liverpooldailypost.co.uk/...2534-23798294/
__________________
Source, the goalposts blogspot
In short Gillets and HIcks wamlishafulia, ila egos ziliwadanganya na hadi waarabu wakati wanataka timu wao walidhani wako juu.... Too sad hili litaua mipango ya usajili kama hawatauza or get loan replacement facility by July!! the good thing though ni kwamba timu kama timu iko fizuri kwenye madaftari
If we dont kill those yankeey we will end up like the geordies
YNWA
Oxlade-Chamberlain
JF-Expert Member
- May 26, 2009
- 8,635
- 2,205
huzeni club hio
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
AW (i hope sio yule Mr. Bean wa Arsenali, Iuzwe mara ngapi? si ndio Gillet na HIcks walinunua?? labda wauze kwa mara ya pili... Sadly ni kwamba the "club itself generated over 10M pounds profit ila owners ndio wanatia hasara kwenye kampuni mama
...Damn the squirrels!!!!!!!!!!
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
Reds first-team coach fails to rule out transfer
Liverpool coach Mauricio Pellegrino has failed to rule out the possibility of Javier Mascherano leaving Anfield.
The Argentina midfielder is said to be a target of Barcelona and it is claimed his agent, Walter Tamer, met with officials of the Spanish club on Wednesday.
Reds manager Rafa Benitez is adamant that Mascherano will not depart the side as he sees the 25-year-old as a vital component of his squad.
However, Pellegrino concedes 'anything is possible' in football, as Barca and also Real Madrid continue to be linked with an offer for Mascherano's services.
"Every time negotiations are underway, money always makes the decision," Pellegrino told sport.es.
"Anyway, Mascherano is such an important player for us, like other ones can be for Barca.
"I do not want to say anything about it because we already know that in football's world, nothing is impossible." 😕😕
Liverpool coach Mauricio Pellegrino has failed to rule out the possibility of Javier Mascherano leaving Anfield.
The Argentina midfielder is said to be a target of Barcelona and it is claimed his agent, Walter Tamer, met with officials of the Spanish club on Wednesday.
Reds manager Rafa Benitez is adamant that Mascherano will not depart the side as he sees the 25-year-old as a vital component of his squad.
However, Pellegrino concedes 'anything is possible' in football, as Barca and also Real Madrid continue to be linked with an offer for Mascherano's services.
"Every time negotiations are underway, money always makes the decision," Pellegrino told sport.es.
"Anyway, Mascherano is such an important player for us, like other ones can be for Barca.
"I do not want to say anything about it because we already know that in football's world, nothing is impossible." 😕😕
Belo
JF-Expert Member
- Jun 11, 2007
- 12,897
- 10,213
Jamaa anajishtukia lakini dogo ni mchezaji mzuri,Arbeloa atabaki?
Benitez defends £18.5m he spent on Portsmouth defender Glen Johnson | The Sun |Sport|Football
Benitez defends £18.5m he spent on Portsmouth defender Glen Johnson | The Sun |Sport|Football
Komamanga
JF-Expert Member
- May 2, 2009
- 221
- 17
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
Yeah... its a little bit cocky to sign Glen for 18M pounds!! Tatizo ni zile FIFA na UEFA rules; Arbeloa is more likely to join Madrid and Carragher will be a back-up right full back as he used to do before
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
Thanks Komamanga... sidhani kama ni tamaa, i guess its the strategy to coply with FIFA/UEFA/FA advice/directive!!! home grown players are now protected hence thir value gets higher (even though UK has expensive players anayway)
Je hiyo tamaa ni kama ile ya kumsajili Berba kwa 30M pounds? au Nigel DeJOng kwa 17M pounds...?
TIMING
JF-Expert Member
- Apr 12, 2008
- 28,186
- 15,549
More Misery for the KOPS
ALonso, Arbeloa, Hyppia all gone.... MAsch also half way out!!
Xabi Alonso appears ready to leave Liverpool
Tony Evans, Gary Jacob
Liverpool placed a £35 million valuation on Xabi Alonso last night after the Spain midfield player said his goodbyes to some members of the club's staff. However, Real Madrid, with whom the player has been linked, have not yet made an official offer.
Alonso's relationship with Rafael Benítez has been troubled since the Liverpool manager began his pursuit of Gareth Barry last year. Although Benítez wants to keep the 27-year-old, there is a growing acceptance at Anfield that the player is likely to move to Real.
Benítez has justified paying up to £18.5 million to Portsmouth for Glen Johnson, who has joined on a four-year contract, because the right back was English. The manager has offered a new contract to Álvaro Arbeloa, who has one year left on his deal, but is also wanted by Real.
We knew the market was going to be difficult this summer and some of it has been crazy, Benítez said. We could buy one more player without selling anyone.
ALonso, Arbeloa, Hyppia all gone.... MAsch also half way out!!
Xabi Alonso appears ready to leave Liverpool
Tony Evans, Gary Jacob
Liverpool placed a £35 million valuation on Xabi Alonso last night after the Spain midfield player said his goodbyes to some members of the club's staff. However, Real Madrid, with whom the player has been linked, have not yet made an official offer.
Alonso's relationship with Rafael Benítez has been troubled since the Liverpool manager began his pursuit of Gareth Barry last year. Although Benítez wants to keep the 27-year-old, there is a growing acceptance at Anfield that the player is likely to move to Real.
Benítez has justified paying up to £18.5 million to Portsmouth for Glen Johnson, who has joined on a four-year contract, because the right back was English. The manager has offered a new contract to Álvaro Arbeloa, who has one year left on his deal, but is also wanted by Real.
We knew the market was going to be difficult this summer and some of it has been crazy, Benítez said. We could buy one more player without selling anyone.
