Archive for tag: Liverpool FC.

It could be worse, we could be Liverpool.

June 5th, 2009 | 49 Comments |

Liverpool FC: Teetering on the brink of catastrophe?
Liverpool FC: Teetering on the brink of catastrophe?
Today, it was announced that the group (Kop Football Holdings) that essentially finances Liverpool FC had made of loss of £42 million, with £36 million of that being interest on the loan that they took out to buy the club. I’ll just say that again in case it didn’t sink in – £36,000,000 in interest payments on a loan.

Now I don’t know about you, but if I were a Liverpool fan at the moment I’d be a bit uneasy. For all of his faults, and he has many, at least Mike Ashley hasn’t taken the club to the point where it could be taken over by the banks because the owners have defaulted on a loan. If we had gone down the same route that Shepherd and Co. had been taking us down then we might have been in a similar situation.  (more…)