Quote of the Day

"Nobody in a position of authority would say it is a good set of accounts where you lose money in any business"
-- Liverpool Managing Dir Ian Ayre on his club's $32M debt increase. (LIVERPOOL ECHO 3/4)
Tuesday March 5, 2013 Vol. 1 — No. 186 Print This Issue

Top Stories

  • Liverpool Losses Pile Up

    Liverpool is not expected to be under financial pressure to sell players this summer.

    Liverpool, on Monday, announced its debt has increased by £21.8M ($32.7M) as "prolonged absence from the money-spinning Champions League takes its toll," according to Toby Davis of REUTERS. Liverpool's latest accounts show the club recorded a loss of £40.5M from Aug. 1, 2011 to May 31, 2012, and debts increased to £87.2M ($131M). The club said that the cost of rebuilding its squad during a period without European football "played a large part in the debt increase" and added that revenue "actually increased" by £5M ($7.5M).

  • Change Of Heart

    Russell Crowe decides to hold onto stake in South Sydney Rabbitohs.

  • Taking Legal Route

    Rangers CEO Green ready to launch legal campaign to get into English league.

  • On A Mission

    China calls on David Beckham to clean up game's image.

  • Get In The Game

    Pakistan hopes to revive its football fortunes with new league.

  • Anchors Away

    European Tour confirms support for proposed ban on belly-putters.

  • Into The Breach

    Swiss miss on Winter Games bid rekindles interest from Munich.

  • The Money Pit

    West Ham owners have poured more than $52M into club since July '11.

  • French Kibosh

    Paris tribunal puts Roland Garros renovations on hold over residents' complaints.

  • Not Giving Up

    Oberstdorf tries for a fourth time to host Nordic World Ski Championships.

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