Liverpool FCs debt...

[alias75]

The media are quoting between 80-100 million ive seen some posts from guys that seem to know what their talking about and have seen the numbers that say thats not correct.

 

Ive looked for explanations on here but its like looking for a needle in a haystack.

 

can someone give me the reasons as to why the 80-100 figure isnt correct, or point me to the relevant posts.

 

Thanks in advance

[nvdm]

[Sion]

We're in so much debt all our night games have been cancelled and moved to12:25 because we can?t afford new bulbs for the floodlights. It's that bad

[Rimbeux]

The media are quoting between 80-100 million ive seen some posts from guys that seem to know what their talking about and have seen the numbers that say thats not correct.

 

Ive looked for explanations on here but its like looking for a needle in a haystack.

 

can someone give me the reasons as to why the 80-100 figure isnt correct, or point me to the relevant posts.

 

Thanks in advance

 

 

go to the offical site and look at the accounts.

 

The £80m includes such as outstanding transfer fees owed, and the promise to play 19 league games in the season which we owe the ST holders for. It also dosn't take into account any cash owed to us from transfer fees, or Reebok etc. The net figure is really about £20m in the red. Big numbers dont make big headlines and why go looking for yourself when everyone is using the same stuff. £450m takeover, £80m debt, £200m stadium, £300m mortgage

[fyds]

Our actual long term debt figure is £17.2m.

 

As Rimbeux says, at the start of the season, the money paid for season tickets is technically 'debt' which reduces as games are played. Transfer fees and ongoing amortization rates on players worth are short term debt and do equally not count what is owed to us for players etc. This seems to be where the incorrect silly numbers have come from.

[alias75]

Thanks guys...

[Guest OB]

 

do you means debts as in who owes us money?

 

or how much we owe folks?

 

I guess its the latter....

 

no idea and its tuff to figure out as the club is yet to release the Juky 2006 accounts. so unless you know the Board or some other inner workings, then the last accounts are about as close as you'll get. (these showed debtis on circa £96m, but some of this was deferred income, so its closer to £77m)

[JRC]

One journo last week had it that our OVERDRAFT was £80M.

 

The £17.2M figure is the one I believe to be closest to a meaningful debt position.

[Tosh]

overdraft = debt that laypeople understand. Next week we'll owe £100m on our Barclaycard post our Christmas spending.

[Maldini]

The £80m figure is like we've spent £60m on our credit card a couple of days before we get our wages of £100m.

 

Less than £20m is long term debt, and that's a manageable amount. We've gradually reduced that figure over recent years, it'd probably be closer to £10m if it wasn't for that Reebok court case (which we'll probably win)

[Bailo]

it'd probably be closer to £10m if it wasn't for that Reebok court case (which we'll probably win)

When is that?

[Maldini]

Read something about it recently, think it's in the next few weeks, could be wrong though

[Tosh]

what reebok court case?

[Guest Ross17]

Less than £20m is long term debt, and that's a manageable amount. We've gradually reduced that figure over recent years, it'd probably be closer to £10m if it wasn't for that Reebok court case (which we'll probably win)

 

 

Whats the situation with this, I must have missed it?

Edited January 11, 2007 by Ross17

[surf]

Copied from page 33 of the 2005 Annual report, available from liverpoolfc.tv:

 

CREDITORS

Amounts falling due after more than one year (x1000)

Bank loans ....................................................................................... 5,360

Trade creditors ............................................................................... 17,972

Net obligations under finance lease and hire purchase contracts ....... 241

Other creditors .................................................................................... 620

Deferred credits (note 18) ................................................................ 1,888

.........................................................................................................26,081

 

 

(b) Trade creditors falling due after more than one year relate to contractual payments due on the acquisition of players? registrations.

 

---------------------------------------------------------------------------------

 

The bank loans are all but paid off.

 

The 'trade creditors' is transfer fees for players bought. We're owed a similar amount by other clubs.

 

All in all the 2005 annual report paints a bright picture.

[Andy @ Allerton]

We're in so much debt all our night games have been cancelled and moved to12:25 because we can?t afford new bulbs for the floodlights. It's that bad

 

[floyd]

 

He say's were in £975m debt. And I believe him

[fyds]

Copied from page 33 of the 2005 Annual report, available from liverpoolfc.tv:

 

CREDITORS

Amounts falling due after more than one year (x1000)

Bank loans ....................................................................................... 5,360

Trade creditors ............................................................................... 17,972

Net obligations under finance lease and hire purchase contracts ....... 241

Other creditors .................................................................................... 620

Deferred credits (note 18) ................................................................ 1,888

.........................................................................................................26,081

(b) Trade creditors falling due after more than one year relate to contractual payments due on the acquisition of players? registrations.

 

---------------------------------------------------------------------------------

 

The bank loans are all but paid off.

 

The 'trade creditors' is transfer fees for players bought. We're owed a similar amount by other clubs.

 

All in all the 2005 annual report paints a bright picture.

 

The report was issued before we declared an overall £10m profit, and further creditors of around 400k - bringing it to £17.2m. had Reebok paid it up this would be nearer ££7-12m.