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Article: LIVERPOOL NOT GOING BUST; Owners unconcerned by pounds 359m debt.
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- June 6, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DAVID BARTLETT
LIVERPOOL'S owners have vowed the club is not going bust despite losses of nearly pounds 41m in 2008.
Latest accounts for Kop Football (Holdings) Ltd
From Back Page showed debt rising by pounds 77m to pounds 359m. Auditors also cast doubt on the Anfield club's future as a "going concern." But owners Tom Hicks and George Gillett today dismissed that analysis as merely "accountancy- speak." Sources close to Liverpool said the club was hugely buoyed by the Reds' recent financial performance. And they claimed Liverpool was in less debt than the rest of the Big Four Premiership clubs - Arsenal, Chelsea and Manchester United. ...