Liverpool MP says American owners do not understand club

Liverpool MP Peter Kilfoyle says the city's Reds needs a change of ownership to avoid economic disaster.

There has been renewed speculation in the last few days that the club may soon change hands.

Kilfoyle told the Liverpool Echo: “It’s all about culture, it’s about attitude. The Americans view football clubs as an asset to be bought and sold.

“They can wear all the scarves they like and go to matches until they’re blue in the face – even at Anfield – but what they can’t do, what they can’t get away from, is the basic financial facts, that they can’t carry on servicing these debts without taking on even more debts.”

He added: “I think Liverpool needs to get its ownership changed and sorted once and for all.

“I don’t believe that they any more than United can continue to carry the kind of debts they’re carrying. People say things will go on and on and advertising will keep going up and this, that and the other. This is nonsense.

“If we have learned anything from this banking crisis a couple of years ago, it’s that what you least expect is going to happen is round the corner.

“We’ve seen Portsmouth go into administration, West Ham are struggling on and off the pitch.

“There’s no reason why United and Liverpool can’t end up as financial disasters, no reason whatsoever.”