Home
Prediction League
Fixtures
Results
News
Features
Premier League
EPL Home
Latest
Clubs
Stadiums
Friends
Blogs
Football League
World Cup 2014
Europe
Euro Football Home
Latest
Russian Premier
Bundesliga
Ligue 1
La Liga
Football Italiano
International
International Home
Latest
World Cup 2010
Euro 2012 Stadiums
Euro 2012
Denmark 2011
AFCON 2013
Betting
About Us
Advertising
Write for us
Privacy
Recruitment
newswriter
Twitter
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


» 

West Ham’s Carl Jenkinson confident of getting a result against Manchester City on Saturday

» 

Arsenal and Liverpool revive interest in Higuain

» 

Get your Premier League tickets with World Ticket Shop

» 

Man Utd confidence high, insists Young

» 

Milan reveal interest in Suso loan

» 

Get your Premier League tickets with World Ticket Shop

» 

Liverpool vs Real Madrid - Match preview and team news

 
 

 
 
 
 

 
 

Name

Email Address *

Comments


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.



0 Comments


No Comments have been posted yet


 
 

 
 
 
 

 
 

Premier League Football News


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

 
 

 
 
 
 

 
 
 
 

 
  
 

 
 
 
 

Kick Football News