- Jun 15, 2007
The bank debt under the rolling credit facility is now down to £55.103m (from £71.709m). The intercompany loan has reduced in accordance with its planned repayment schedule so that is now at £99.919m (from £109.949m).Excluding debt owed by LFC to FSG's holding vehicle, LFC's bank debt was £79M in the last reports filed (May 2017). Basically the stadium debt, if I recall correctly a five year term so the imminent May 2018 ones will like show around ~£60M.
The club's total turnover was £455.089m (up from £364.508m). Of which £440.842m is said to be generated from within the UK, £6.511m from the EU and £7.736m from the Rest of the World. This last figure in respect of the Rest of the world is actually down from the previous year's figure of £11.717m.I wonder how much of the commercial revenues come from the local market though??? Not every sponsor is global... In fact, I would expect a large portion of it to be local and in that regard we can't compare to London or Manchester in terms of wealth.
Agree. I would prefer to see greater transparency around that arrangement as I'd expect FSM to be taking money out of the deal before it hit our books. I just think they ought to account for that but then many fan groups will feel that they shouldn't take anything from their ownership of the club and that they should take whatever gains they make upon sale. That's rather shortsighted, in my view. Whilst they continue to be good custodians I think they should be encouraged to feel that they are being sufficiently compensated rather than feel that their only way to make a return is with a sale.It might not be that minimal - a commission of 5-10% would not be shocking, but would have a material effect on those numbers. By comparison, all of ManU's comparable work (and costs) are inhouse and shown in their financials.
As a mechanism, I don't really have a problem with it as long as growth continues at a reasonable pace. Although I am not blown away by the current rate, it is solid - and I think the last two years are probably more indicative of the current norm than the entire time frame LowtonRed posted about. These numbers might shift dramatically with the next shirt deal - the Warrior/NB was category-changing at the time, but being the first has meant that every subsequent deal has outstripped it.
I would personally prefer to have that amount transparent, but at the end of the day, LFC is a private company and we already have far more information than is available about the Red Sox finances. There would always be fans raging over every pound that FSG directed to itself as being 'LFC's money', ignoring the reality that the club was purchased with 100's of millions of FSG money - much of which likely came from a similarly structured Red Sox marketing deal.
I agree that up to 10% could be lost from our commercial deals in this way. In fact, I kind of assume that it is. However, even if you add that 10% to the club's overall commercial performance that would still only put us at £169.717m (£154.288m x 1.1) broadly level with Chelsea (£165.37m). I think we ought to be doing better than that.
You'll be pleased to know that last year we paid ten times more corporation tax than the year before, £5.237m compared with £527,000 for 2017. Overall we paid £4.904m in tax last year after accounting for double taxation relief and rebates due for foreign tax compared with £646,000 the year before.Liverpool FC, of all clubs, paying zero tax? Shameful.
Incidentally, wages have jumped by nearly £50m. They're up from £184.999m in 2017 to £232.672m. They do cover all employees rather than just players but even though those not in the playing, management and coaching staff have increased from 589 to 659 it's safe to assume that the players are more responsible for the increase. Number of players, managing and coaching staff have increased from 155 to 178. Total wages (including social security costs and pensions) increased from £208.278m to £263.615m. Peter Moore's being paid more than Ian Ayre too. Good for him. He's on £1.329m in comparison with the £907,000 earned by Ayre the year before.
I would expect next season's accounts (year end 2020) to show a very small increase in total wages, if at all. This season's wage bill will probably top £290m (including social security and pensions).