The Owners

SithBaare

From Doubters to Believers
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Partly the reason as to why I'd want Stevie to come in earlier to the process. If klopp does leave his crew back , that would help pep make the jump easier. But getting Stevie and his crew back a year earlier would enable them to find a smoother transition esp if kraweitz leaves with klopp. Yes might mean more overheads in terms of coaching staff etc.

All this is assuming that fsg have zeroed in on Stevie as the next manager , for that to happen he'd need to win something at rangers and prove he can do the same there (at a lesser level albiet ) in terms of building a scalable structure in place.
Also leaves more time for Stevie (or any other targeted manager like nagelsmann etc )to work with Edwards in the recruitment. It makes sense for me. That's how entities should be run and the we should be doing the same.
 

Maria

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The phrase that sticks in my mind is "LFC were holistically dysfunctional"

We really have to thank Sir Martin Broughton for saving our club an and selling it to decent owners. I was sceptical from day one and yes i was abit stupidly prejudiced about their motives to buy LF, as they were American because we got badly burned and almost bankrupt by those clowns Hicks and Gillett.

FSG have kept their promise so far, they built a shiny new stand and are rebuilding the Academy at Kirkby and amalgamating it with the Melwood branch. We have a charismatic and fantastic manager, excellent players and peace of mind that our club is in safely run hands. Also, fair play to FSG, the main people have always made a huge effort to attend key games with their families and have a bond with the club.
I am so grateful to FSG as well. We could have got someone like Mike Ashley or those previous owners at Aston Villa.
 
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Tosh

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I still break out in a cold sweat when I think of the reign of Gillett and Hicks.

What is just as irritating is the fact that Gillett, and more particularly Hicks, were ever allowed within a 1000 miles of our club in the first place. A simple google search on Hicks would of revealed exactly the kind of person his is, and the fact that Moores and Parry failed in this simplest of tasks to my mind places them in the dock alongside the other pair, all equally guilty.

The contrition of Parry and Moores regarding this whole sorry affair is genuine, however it reveals the gross ineptitude at board level which had hamstrung the club for many years leading up to this debacle.

Despite his 'good 'ol boy grin', the reputation of Hicks as a serial asset stripper and charlatan was well known by 2007. As for Gillett, he is simply a serial bankrupt, yet the pair of them had no problem in taking in Moores - simply promising to be 'good custodians of the club' was enough to pull his pants down.

Gillett had already had a go at acquiring the club late in 2006, but he couldn't raise the necessary and after the proposed deal with DIC collapsed he enlisted Hicks - this in itself should of been enough to take the club off the market.
The cash of the Premiership together with the 'franchise' of Liverpool Football Club obviously had their tongues hanging out at the prospect of stripping this great club for all they could get.

Billed as 'billionaires' it quickly became apparent that neither had a pot to piss in, and Gillett in particular simply came across as nothing but an idiot, with Hicks trotting out his tried and trusted promise of a new stadium - just as he had when he'd got his claws into Corinthians and of course failing to deliver.

Sitting at their initial press conference alongside Parry, the bare faced lies began from that first instance. They went on to completely undermine Rafa with their attempt to appoint Jurgen Klinnsman, and things continued to get progressively worse with Rafa leaving and Roy Hodgson coming in to steady the ship - yeah, right.

The rest is well known to us all. But the emotional turmoil of that time with everything that went with it still haunts me - watching this pair of shysters pimping the club around the world like some old brass on the game, trying to save their necks.

As things descended at least Gillett realised the game was up. Hicks however was in it for all he could get and was going nowhere until he'd sucked everything out of the club - his lies becoming ever more ridiculous as he continually refused to bow to the inevitable and stand aside (not to mention that arsehole he calls a son).

I read Sir Martin's interview in the Telegraph with great satisfaction. Knowing how close we came to going into receivership through the actions of Hicks, I thank the heavens that Sir Martin was able to broker the deal with FSG and our club was saved.

Our owners, more or less, have been as good as their word. And it was certainly gratifying of Sir Martin to say he was pleased that they turned out to be the people he thought they were.

As for Hicks and Gillett, they are the complete antithesis to everything which Liverpool Football Club stands for. I wonder if they're still fans?
 
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Commando

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I still break out in a cold sweat when I think of the reign of Gillett and Hicks.

What is just as irritating is the fact that Gillett, and more particularly Hicks, were ever allowed within a 1000 miles of our club in the first place. A simple google search on Hicks would of revealed exactly the kind of person his is, and the fact that Moores and Parry failed in this simplest of tasks to my mind places them in the dock alongside the other pair, all equally guilty.

The contrition of Parry and Moores regarding this whole sorry affair is genuine, however it reveals the gross ineptitude at board level which had hamstrung the club for many years leading up to this debacle.

Despite his 'good 'ol boy grin', the reputation of Hicks as a serial asset stripper and charlatan was well known by 2007. As for Gillett, he is simply a serial bankrupt, yet the pair of them had no problem in taking in Moores - simply promising to be 'good custodians of the club' was enough to pull his pants down.

Gillett had already had a go at acquiring the club late in 2006, but he couldn't raise the necessary and after the proposed deal with DIC collapsed he enlisted Hicks - this in itself should of been enough to take the club off the market.
The cash of the Premiership together with the 'franchise' of Liverpool Football Club obviously had their tongues hanging out at the prospect of stripping this great club for all they could get.

Billed as 'billionaires' it quickly became apparent that neither had a pot to piss in, and Gillett in particular simply came across as nothing but an idiot, with Hicks trotting out his tried and trusted promise of a new stadium - just as he had when he'd got his claws into Corinthians and of course failing to deliver.

Sitting at their initial press conference alongside Parry, the bare faced lies began from that first instance. They went on to completely undermine Rafa with their attempt to appoint Jurgen Klinnsman, and things continued to get progressively worse with Rafa leaving and Roy Hodgson coming in to steady the ship - yeah, right.

The rest is well known to us all. But the emotional turmoil of that time with everything that went with it still haunts me - watching this pair of shysters pimping the club around the world like some old brass on the game, trying to save their necks.

As things descended at least Gillett realised the game was up. Hicks however was in it for all he could get and was going nowhere until he'd sucked everything out of the club - his lies becoming ever more ridiculous as he continually refused to bow to the inevitable and stand aside (not to mention that arsehole he calls a son).

I read Sir Martin's interview in the Telegraph with great satisfaction. Knowing how close we came to going into receivership through the actions of Hicks, I thank the heavens that Sir Martin was able to broker the deal with FSG and our club was saved.

Our owners, more or less, have been as good as their word. And it was certainly gratifying of Sir Martin to say he was pleased that they turned out to be the people he thought they were.

As for Hicks and Gillett, they are the complete antithesis to everything which Liverpool Football Club stands for. I wonder if they're still fans?
It makes you wonder just what the criteria for the Premier League's "Fit and proper person" test is?

Premier League, "Are you a fit and proper person"?

Hicks/Gillette, "Yes".

Premier League, "Okay, welcome aboard".
 

jaffod

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It makes you wonder just what the criteria for the Premier League's "Fit and proper person" test is?

Premier League, "Are you a fit and proper person"?

Hicks/Gillette, "Yes".

Premier League, "Okay, welcome aboard".
It's a low bar. Just look at the club that used to be Manchester City.
 

mattyhurst

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It makes you wonder just what the criteria for the Premier League's "Fit and proper person" test is?

Premier League, "Are you a fit and proper person"?

Hicks/Gillette, "Yes".

Premier League, "Okay, welcome aboard".
Do they even have one?
 

Arminius

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Do they even have one?
PL has one, in fact a little tougher than the League's. There is not much to it though, you cannot be banned from being a company director (normally due to criminal action), cannot be filing for personal bankruptcy, cannot have an interest in another League club, and cannot have twice (!)been a director at a club that went into insolvency - either two clubs, or two incidents. The holes are obvious, one can avoid that test by resigning from a club when the trouble becomes obvious and be onside regardless of one's role in that trouble. Equally, Hicks had bankrupted dozens of companies, devastated Corinthians, crippled the Texas Rangers (though they were still solvent in 2007), and saddled the Dallas Stars with unpayable debt (that had nothing to do with the hockey team). However, none of those were League Clubs, so it was all sound.
 

Tosh

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If you can bring yourself to watch the videos on Youtube of Hicks, you can see behind him the proposed stadium which was supposed to be built in Stanley Park (spade in the ground within sixty days, etc, etc).
The reason the picture is there is psychological. It says "look at what you could of had. Look what a good guy I am."

It's the same as that other pathetic film showing him sitting in his chair, with his LFC mug, wearing an LFC polo shirt, with a couple of members of his family wearing scarfs and shirts.
 

Lowton_Red

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A record-breaking year at Anfield saw the club post a turnover of £553million in total, with all three revenue streams posting significant growth.

Match revenue is up by £3.5m to £84m, while media in-take grew by £41m to £261m. The commercial side of the operation is also thriving, with £34m earned to finish on a total of £188m for a cut-off date of May 31, 2019.


The accounts should make enjoyable bed-time reading when they become available for us hoi polloi next month! :unsure:
 

i_still_miss_fowler

Open Your Eyes Morty!
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LFC continues reinvesting revenues to strengthen position on and off pitch
https://www.liverpoolfc.com/news/announcements/388376-liverpool-fc-financial-results-statement

LFC

Liverpool FC has filed its annual financial accounts for the season in which the club won its sixth UEFA Champions League title and invested a club record £223m on players.

Summary of the financial period
  • Won sixth UEFA Champions League title
  • Four new player signings
  • Eleven player contracts extended
  • First official training partnership signed
  • Nine new commercial partnerships signed
  • Maintained seventh position in Deloitte Football Money League
  • £50m invested in training ground opening in July
During the reporting period for the year to May 31, 2019, Alisson Becker, Naby Keita, Fabinho and Xherdan Shaqiri all signed for LFC, with Danny Ward, Danny Ings, Ragnar Klavan, Dominic Solanke and Lazar Markovic leaving the club. The first-team squad was further reinforced with 11 players renewing their contracts, including club captain Jordan Henderson, Roberto Firmino, Mohamed Salah, Sadio Mane, Andy Robertson and Trent Alexander-Arnold.
Turnover increased during the period by £78m to £533m, which represents sustained growth across the club and enabled the further investment into the playing squad. All three revenue streams saw rises, with media revenue increasing by £41m to £261m, commercial revenue increasing by £34m to £188m, and match revenue increasing by £3.5m to £84m.

The increase in turnover is a result of a new UEFA Champions League broadcasting deal which commenced in this period, a second-placed finish in the Premier League and higher partnership and merchandising value. Overall profit before tax for the period was reported at £42m.
Andy Hughes, LFC’s chief operating officer, said: “This continued strengthening of the underlying financial sustainability of the club is enabling us to make significant investments both in player recruitment and infrastructure.
“Being able to reinvest over £220m on players during this financial period is a result of a successful business strategy, particularly the significant uplift in commercial revenues.

“The cost of football, however, does continue to rise in transfers and associated fees but what’s critical for us is the consistency of our financial position, enabling us to live within our means and continue to run a sustainable football club.”
Liverpool maintained its seventh position in the Deloitte Football Money League having moved up two places from ninth during the previous financial year.
Nine new commercial partners joined the club, including its first official training partnership with AXA. Retail had a record-breaking season in sales with footfall surpassing a million fans into the official LFC stores.

The club’s international expansion plans have also grown with a new retail partner announced in Malaysia, shop-in-shop opened in Thailand and new selling channels on Amazon in USA, Canada and Germany. E-commerce orders were shipped to more than a record 190 countries worldwide.
Digitally, the club’s global social media followers increased by 26 per cent to nearly 70m. LFC’s official YouTube channel reached 2.5m subscribers and is the most-followed club in the Premier League. Twitter also increased by 11 per cent to 13.5m and reached 59m total engagements during the 2018-19 season – 6m more than any other Premier League club.

Hughes added: “What we’re seeing is sustained growth across all areas of the club, which is aligned to the recent performance on the pitch. Since this reporting period we have continued to reinvest in the club’s infrastructure and we look forward to the opening of our new training base at Kirkby ahead of the new season, which will provide first-class facilities for our players and staff.
“We have also just completed a second-phase consultation on a proposed expansion of the Anfield Road stand which could see an increase in the stadium’s capacity, giving even more supporters the opportunity to see the team. There is more work to do and, importantly, we will continue our dialogue with all key stakeholders, including local residents, businesses and community groups.

“These financial results and this sustained period of solid growth is testament to our ownership, Fenway Sport Group, who continue to support the club’s ambitions and continue to reinvest revenues both in strengthening the playing squad and the club’s infrastructure to build for the future.”
 

Jimmyscase

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Does the fact that the Kirby costs are mentioned indicate that they'll be fully booked in the present accounting period (1June 2019- 31 May 2020) or was it just an acknowledgement of spending in the future accounting period in progress when Kirby opens? If it's the former does it appear as a provision?
 

i_still_miss_fowler

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So whats interesting is according to our accounts (rather than other unreliable sources). Our breakdown of transfers are follows:

Some rough calculations
2019 https://www.liverpoolfc.com/news/announcements/388376-liverpool-fc-financial-results-statement
2018 https://www.liverpoolfc.com/news/announcements/337195-liverpool-fc-financial-results-statement


2017-2018 - Incoming Transfers
Salah
VvD
Robertson
AoC
Solanke
---------------
£190M

2017-2018 Outgoing Transfers
Coutinho
Sakho
Lucas
Stewart
-------------------
£137M

Total Net Transfer cost £53M
Total Club Profit (before tax) £125M

----------------------------------------------------------------

2018/2019 Incoming Transfers
Alisson
Naby Keita
Fabinho
Xherdan Shaqir
------------------------------
£220M

2018/2019 Outgoing Transfers
Danny Ward
Danny Ings
Ragnar Klavan
Dominic Solanke
Lazar Markovic
---------------------------
???? (reports indicate 40-50M)

Total Net Transfer cost approx £180M
Total Club Profit (before tax) £42M


With that in mind forecasting 2019/2020

2019/2020 Incoming Transfers
Minamino
Van Berg
Adrian
------------------
Approx £10M

2019/2020 Outgoing Transfers
Mignolet
Kent
---------------------
Approx £12M

Net Transfer 0
Forecast Club profit £200M + (Depending on success in CL)



If my calculations are correct (based on this press release, and its equivalent last year)
Last 3 years:

360M Club Profit
£230M Net spend on players
 
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Lowton_Red

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Does the fact that the Kirby costs are mentioned indicate that they'll be fully booked in the present accounting period (1June 2019- 31 May 2020) or was it just an acknowledgement of spending in the future accounting period in progress when Kirby opens? If it's the former does it appear as a provision?
Assuming the facility doesn't open until c.June 2020, I suspect that the costs will be recorded as assets under construction in the accounting period 2019 - 20. In other words depreciation charges, in respect of the asset, will only start to be applied to the P&L account in the accounting period 2020 - 21.
 

Kopstar

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With that in mind forecasting 2019/2020

2019/2020 Incoming Transfers
Minamino
Van Berg
Adrian
------------------
Approx £10M

2019/2020 Outgoing Transfers
Mignolet
Kent
---------------------
Approx £12M

Net Transfer 0
Forecast Club profit £200M + (Depending on success in CL)
In the trade isn't £200m simply referred to as "an Mbappé"?


;)
 

Mascot88

Yours for £1m. Need to make room for Dean Saunders
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So whats interesting is according to our accounts (rather than other unreliable sources). Our breakdown of transfers are follows:

Some rough calculations
2019 https://www.liverpoolfc.com/news/announcements/388376-liverpool-fc-financial-results-statement
2018 https://www.liverpoolfc.com/news/announcements/337195-liverpool-fc-financial-results-statement


2017-2018 - Incoming Transfers
Salah
VvD
Robertson
AoC
Solanke
---------------
£190M

2017-2018 Outgoing Transfers
Coutinho
Sakho
Lucas
Stewart
-------------------
£137M

Total Net Transfer cost £53M
Total Club Profit (before tax) £125M

----------------------------------------------------------------

2018/2019 Incoming Transfers
Alisson
Naby Keita
Fabinho
Xherdan Shaqir
------------------------------
£220M

2018/2019 Outgoing Transfers
Danny Ward
Danny Ings
Ragnar Klavan
Dominic Solanke
Lazar Markovic
---------------------------
???? (reports indicate 40-50M)

Total Net Transfer cost approx £180M
Total Club Profit (before tax) £42M


With that in mind forecasting 2019/2020

2019/2020 Incoming Transfers
Minamino
Van Berg
Adrian
------------------
Approx £10M

2019/2020 Outgoing Transfers
Mignolet
Kent
---------------------
Approx £12M

Net Transfer 0
Forecast Club profit £200M + (Depending on success in CL)



If my calculations are correct (based on this press release, and its equivalent last year)
Last 3 years:

360M Club Profit
£230M Net spend on players
It isn’t clear in the report, but I think the £223m is an investment in the playing squad, which would also include the new contacts which tied down most of the core team.

But it is a reminders that the actual real world, non Footy Manager, transfers are always more than the face value of the transfer - as the accounts need to represent the wages and there are always agents, bonuses, signing on fees, insurance, etc taking bits of cash.

Most fans, like me, would look at LFCHistory.net and conclude that the transfer business that summer was about £160-170m gross. It’s never that simple, and why the idea we can throw hundreds of millions around like confetti is always fanciful.
 
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Iluvatar

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I think we’ll be looking at moving on Wilson, Shaqiri, Origi, Lallana and Lovren. I think there is about £60m there, or 0.3 Mbappe.
Yep and wages is a lot;

Lallana - £110k pw
Lovren - £100k pw
Shaqiri - £80k pw
Origi - £45k pw
Clyne - £75k pw

£410k pw - Not going to get close to the £750k pw Mbappe PSG offer :(