fast little loans
Ian Ayre insists that Liverpool are under no pressure to sell top players, despite debts rising to £87.2million.
A season without European football meant results for the 10 months up to last May yesterday showed Liverpool’s annual loss was £40.5m (down on the previous year’s £49.3m). But debts had risen by nearly £22m.
Liverpool’s American owners Fenway Sports Group have pumped in an interest-free, inter-company loan of £46.8m to reduce the debt, but managing director Ayre believes their financial future is healthy.
Most importantly, he has allayed fears it will prevent Brendan Rodgers competing in the transfer market.
‘We won’t be selling anyone because of the financial position,’ said Ayre. ‘If we are selling anyone, it will be because they are deemed by the manager to be surplus to his requirements.
‘We feel that we are making progress and improving all the time. Our aspiration for the next couple of years, as the rules will dictate, is to break even and make a profit beyond that.’
FSG are huge advocates of financial fair play and Ayre added: ‘The recent rules that we’ve adopted at the Premier League will expect people to break even and limit their spending and player wages.’ Liverpool spent £20million on Daniel Sturridge and Philippe Coutinho in January — but Ayre has warned the club will be more careful in the summer. – Daily Mail