My tribe
As featured on NewsNow: Football news

Stunned Liverpool facing financial meltdown

Liverpool are facing "financial meltdown" after concerning statements from the club's accountants last night. Liverpool's parent company Kop Football (Holdings) Ltd, run by American duo George Gillett and Tom Hicks, made a £42.6million loss last year.

Around £36.5m of that is interest payments on the whopping £350m loan they took out to refinance the club.

A top City analyst said: "Unless the owners find more money, the club is facing financial meltdown. Not only are the figures bleak, the future is gloomy too.

"The more you read through the accounts, the more transparent it is that the owners don't have the resources to meet the targets they've set for next year either.

"Everyone associated with Liverpool should be deeply concerned by this set of figures."

The devastating news will intensify calls from fans for the US pair to sell up.

As things stand, any profits being made on the pitch are being swallowed up by the crippling repayments on the loan.

About the author

Tribal Football Staff

Have your say
  • Add your favourite leagues and clubs
  • Build your own personal news stream
  • Easily share your favourite stories
  • Connect with what your friends are saying

Select your favourite
leagues and clubs
to get started.

Already part of MyTribe?