Premier League
EPL Home
Football League
World Cup 2014
Euro Football Home
Russian Premier
Ligue 1
La Liga
Football Italiano
International Home
World Cup 2010
Euro 2012 Stadiums
Euro 2012
Denmark 2011
AFCON 2013
About Us
Write for us
Contact Us

Liverpool post £50m loss in latest accounts

Bookmark and Share

By Andrew Tuft

Thursday 03 May 2012

Liverpool have confirmed a loss of almost £50m in their latest set of accounts, after pay-offs to former manager Roy Hodgson, former managing director Christian Purslow, and the writing off of a £35m stadium expense from the club’s former owners, the Daily Telegraph has reported.

The sacking of Hodgson and the departure of Purslow, among other staff moves, added £8.4m to the club’s expenses, the newspaper notes, while £35m was lost on the HKS Stanley Park stadium design spearheaded by former owners George Gillett and Tom Hicks. John W. Henry and the Fenway Sports Group purchased the club from the pair in October 2010.

Despite the loss, which totals £49.4m, Ian Ayre, the current managing director of Liverpool, insists the club is in good financial health. He said: “I guess people will focus on the loss…and there’s no business…who are going to be pleased with any loss… A big chunk of that £50m loss relates to the HKS project - which is now defunct - and associated costs around that.

Ayre also defended the money paid out to Hodgson and his staff as normal football practice associated with the termination of any employee, and said the club’s accounts were generally in good shape because of actions taken by FSG.

See what the expert tipsters at OLBG are tipping on Liverpool v Chelsea

Related Articles


Pellegrini says Man City were more attractive Premier League winners than Chelsea


Van Persie relieved of penalty-taking duties following miss in West Brom defeat


The rise and fall (and rise?) of Wayne Rooney's Everton relationship


Hull vs Arsenal - Premier League preview and team news


Rodgers: Liverpool deserved win over QPR


The rise and fall (and rise?) of Wayne Rooney's Everton relationship


Liverpool 2-1 Queen Park Rangers: Gerrard scores late winner to boost Champions League hopes





Email Address *


Please enter code on left.

Terms & Conditions

* A valid email is required to submit a comment. Your email will not be displayed on this or any other website, nor will it be passed to any 3rd parties. For more information please see the terms and conditions.


No Comments have been posted yet





Follow us...




Premier League Football News

ArsenalAston VillaChelseaEvertonFulhamLiverpoolManchester CityManchester UtdNewcastle UtdNorwich City
ReadingQueens Park RangersSouthamptonStoke CitySunderlandSwansea CityTottenham HotspurWest Bromwich AlbionWest HamWigan Athletic






Kick Football News