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Liverpool debts rise £21.8m to £87.2m

By on March 4, 2013

Liverpool have revealed the effects of spending on transfers, reporting a loss of £40.5 million in the ten months leading up to May 31, 2012 and a £21.8 debt increase from £65.4 million to £87.2 million in that time period.  Liverpool’s owners, Fenway Sports Group, completed expensive signings including Stewart Downing from Aston Villa and Jordan Henderson from Sunderland that accounted for most of their £40.5 million loss and debt increase.  Another factor was Liverpool’s £9.5 million pay off to former manager Kenny Daglish and his assistants.  Despite that, managing director Ian Ayre said Liverpool were being “prudent” in the transfer market and that Fenway Sports Group would continue to give Liverpool manager Brenden Rodgers the backing he needs to make Liverpool a top European club again.

“We will continue to invest in the squad – I think that is what our fans would expect,”  He told the Liverpool Echo.

“But the most important thing is that we do it prudently and in a sustainable way that is affordable, and that we all have our sights on the same goal – success.”

But it is not all bad for Liverpool, and despite their losses their annual pre-tax loss fell from £49.3 million to £40.5 million in the 2011-12 season.

About Alex Morgan

Alex Morgan, founder of Football Every Day, lives and breaths football from the West Coast of the United States in California. Aside from founding Football Every Day in January of 2013, Alex has also launched his own journalism career and hopes to help others do the same with FBED. He covers the San Jose Earthquakes as a beat reporter for QuakesTalk.com and his work has also been featured in the BBC's Match of the Day Magazine.