Ouch, losing over 40m pounds....that cannot be good for business. So Rafa, who always complains of not having funds to acquire players must have had money, or were Hicks and Gillett just buying lots of fish and chips? What I love about this story is a team who has a manager who alw
ays cries poor yet the business side is hemorrhaging money. This might put Liverpool in a very difficult situation, will they have to sell some of their stars? Will the new stadium be put on indefinite hold? Then again I really have no sympathy for Liverpool, the owners leveraged themselves to purchase the club, what was basically an move to boost their massive egos. Neither man really had any sense of the business of footie, and let's face it, Hicks has questionable acumen when it comes to the business of sports (anyone see how the Texas Rangers are run?).This massive business loss is just another example of clubs that are run by owners who only see the team as a play thing rather than a business (look at Chelsea's books...they constantly operate at financial losses). I would not be surprised if this time next year we are talking about Manchester City operating at huge losses as well....oh well. I guess if you have the money to burn, good for you.
I wonder if Rafa is already teeing up his whining machine - "I have no funds..."
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