Finances not improving at Liverpool

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Liverpool Football Club has revealed that its financial troubles are not getting any better. In fact, the challenge is getting much worse as the European elite team has reached an unprecedented £87 million of debt, an impressive increase from £22 million in 2011, a sobering result from the economically harsh landscape in Anfield.

The current owners of the team, Fenway Sports Group, tried to offer various explanations as to why this situation has come about. The arguments surround the Champions League but concerns raised by some observers point to the figures covering the period between August 2011 to early 2012 where Ian Ayre, the managing director of the team, oversaw the biggest debt increase thanks to payment transfers. Former employees were paid over £30 million a year such as former manager Kenny Dalglish, leading to the impact we can now see.

In a recent press event, the team has tried to reassure fans and supporters that this is just a temporary setback and that the next European season including the Champions League would help bring the finances back under control. But many are still unsure where the enormous amount of necessary funds will be coming from.

Some of the reveals in these figures include a £120 million package that was used to refinance the team from the Royal Bank of Scotland, Barclays and Bank of America. These types of financial moves do not help to bring more confidence in the management of the Liverpool club, and could make it hard for the manager to gain back the fans’ respect.

 

Hillsborough report finally exonerates Liverpool fans

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Following the publication of a report into the Hillsborough disaster, English fans’ behaviour will be under the microscope for the next few games following calls to put a stop to sickening chants at games. The report which was released on Wednesday found Liverpool fans blameless for the 1989 FA Cup semi-final crush which killed 96 of the supporters. The report was widely welcomed although the club is still mocked by rival fans with hateful songs and chants.

A few fans from Manchester United sing about the Hillsborough disaster while some supporters from Liverpool gloat over the Munich air crash in 1958 which decimated the Manchester United team.

Brendan Rodgers, Liverpool manager, hopes that the independent panel’s findings would put a stop to the taunts. Rodgers told Liverpool’s website that he does not like to hear anything which associates tragedy and death to other people. He is saddened by the minority who attempt to smear the reputation of a club. Ferguson, manager of Manchester United, echoed the views of Rodgers. On Friday the Premier League said that the handshake between the teams which happens before the match will go ahead.

In November Chelsea were compelled to condemn some of their supporters after they chanted songs about Ferdinand in Belgium during a Champions League game: both clubs have since warned their supporters to behave. The Queens Park Rangers’ website published a reminder on Thursday about fan’s behaviour whilst on Chelsea’s website they sad that abuse and discrimination has no place in any football stadium.

Both Chelsea and Queens Park Rangers are going to work together with the police ensuring that anyone who uses inflammatory or discriminatory language on Saturday will be identified. The strongest possible action will then be taken against them, it was revealed in a statement.