MX23RW : Saturday, November 9 02:42:24| >> :120:10085:10085:

Liverpool's debts rose by £21.8m last year

Liverpool hit with debt increase
© PA Photos
Liverpool announce that their net debt increased to £87.2m from August 2011 to May 2012.

Liverpool have announced that the club's debts increased by £21.8m between the period of August 2011 to May 2012.

The Merseyside outfit, who were taken over by Fenway Sports Group, led by John Henry, in 2010, recorded debts of £87.2m due to last season's squad rebuilding without the financial backing of Champions League football.

"We will continue to invest in the squad, I think that is what our fans would expect," Liverpool managing director Ian Ayre 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.

"The key message for me is that we are continuing to transition to the point we have been working on for several years under this ownership, which is to continue to improve revenues and manage our cost base effectively.

"The biggest cost base without doubt is player trading and player wages, but these accounts demonstrate that we are still working hard to improve that."

Despite the increase of net debt, turnover improved by £5m on the previous year.

ID:72343: cacheID:72343:1false2false3false:QQ:: from db desktop :LenBod:restore:1987:
Restore Data
Share this article now:
John Henry
Read Next:
Ayre: 'Henry is committed to Liverpool'
>
Read more about Ian Ayre John Henry Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!