[thenry]

Originally Posted by denphone

Liverpool debt rises to £87.2m.

http://www.dailymail.co.uk/sport/foo...=feeds-newsxml

Building a new stadium or enlarging Anfield would help increase revenues in the medium to long term as the support is there to have crowds of 70,000 for every game.

#LFC 2012 results have been announced. Please note that they only cover 10 months up to 31 May 2012, as club has changed accounting date.

#LFC 2012 loss before tax £40.5m, an improvement on 2011 loss of £49.3m.

#LFC 2012 revenue £169.0m down from £183.6m, due to 10 months accounting period (impacts commercial, but not match day & media revenue).

Exceptional costs again hit #LFC 2012 accounts: £9.6m termination payments (mainly coaching staff) & £0.8m legal fees (UKSV acquisition). UK branch of Fenway Sports Group (the American owners).

Correcting transfer strategy also hurt #LFC 2012 a/c: loss on player sales £1.7m (2011 £43.3m profit) & write-down of player values £8.9m.

#LFC 2012 staff costs (excluding £9.6m exceptional charges) £109.2m for 10 months, which implies annual wage bill of around £131m.
Did wages include payoffs to overpaid players let go? Or were they separate?
Total staff costs £119m, but that included the £10m termination payments made to departing staff, so underlying wage bill £109m.

#LFC 2012 net debt up from £65.4m to £87.2m: £69.9m to bank & £22.2m to UKSV less £4.9m cash. In Aug UKSV put in £46.8m reducing bank debt.

#LFC 2012 revenue £169.0m (2011 £183.6m): match day £42.3m (2011 £40.9m), media £62.8m (2011 £65.3m), commercial £63.9m (2011 £77.4m).

Ignoring timing adjs, main moves in #LFC results: £45m fall in profit on player sales, £49m lower exceptional costs, £9m player write-downs.
What was players amortization cost for the whole period - only 9M?
Player amortisation £33.8m (2011 £36.3m). On top of that player write-downs (impairment) £8.9m.

This doesn't include the warrior deal or the chevrolet deals does it? Will they reduce the debt?
No, both deals only start from 2012-13 season. They will help, as will new Premier League TV deal.

Challenges are stadium expansion, European qualification (pref CL) and controlling wage bill. Oh, and stop sacking people!

re LFC, is it true to say that a lot of the debt is owed to the owners rather than external debt?
Not at time of accounts, but since then (Aug 12) owners have replaced much of bank debt with owner debt.

Not detailed in LFC accounts, but Swansea's accounts included £5m received as compensation, presumably for BR.

Net debt of £87.2m: £69.9m to bank & £22.2m to owners less £4.9m cash. In August owners put in £46.8m reducing bank debt.

https://twitter.com/SwissRamble

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Napoli join Sanchez queue

http://www.football-italia.net/31456...-sanchez-queue