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Liverpool Soccer club Make £50 mill annual loss


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#1 The Future is League

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Posted 05 March 2014 - 01:58 PM

Thats a lot for one club. The question remains for me is why do the banks let soccer clubs rack up that sort of debt?

http://www.bbc.com/n...siness-26433208



#2 longboard

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Posted 05 March 2014 - 02:38 PM

It ain't a patch on Bolton's debts. Liverpool are playing at it....................



#3 Martyn Sadler

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Posted 05 March 2014 - 03:17 PM

Thats a lot for one club. The question remains for me is why do the banks let soccer clubs rack up that sort of debt?

http://www.bbc.com/n...siness-26433208

Because their income is adequate to service the debt, especially if the overdraft is secured.



#4 Li0nhead

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Posted 05 March 2014 - 03:22 PM

Thats a lot for one club. The question remains for me is why do the banks let soccer clubs rack up that sort of debt?

http://www.bbc.com/n...siness-26433208

 

The banks see incomes of the main clubs rising massively year by year so are willing to lend....What they are not taking into account is this rise is swallowed by ever increasing wages and transfer fees when competing with billionaires and a couple of Spanish sides who the banks are even willing to be even more reckless with than our clubs (Google real Madrid debt for example).






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