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)
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.
