Liverpool To Be Bled Dry
An important article in the Telegraph today clarifies how much interest Liverpool are likely to have pay each year on the massive refinanced debt the club has taken on under the ownership of Tom Hicks and George Gillett: £30 million.
So it will cost them a Torres and a half every year, and don’t expect ticket prices to be anything short of extortionate in the coming years.
Liverpool fans often talk about bleeding red, and the owners will need to squeeze every last dollar out of them to keep the club solvent.
All just another reminder of why leveraged takeovers in football are a really bad idea for football.
Photo credit: ah zim