http://au.eurosport.com/football/premier...950/story.shtmlWith no Champions League income next season I wonder how will make a profit next season.
Also if they have written of £35 million on the failed stadium plan what does that mean in regards to us getting a new stadium, we need a new one or to increase Anfield to compete with the likes of City, Arsenal & United.
Those are exceptional costs associated with termination payments for the old regeme and a statium project that is no longer going to occur. In accounting you reconise a loss immediately so there would be no justification to the auditors for capitalising the £35m. But it does not mean the old stadium plans or a new one will not go ahead its just an accounting adjustment moving from the balance sheet to P&L. Which has to be done under accounting convention. The underlying profit is ok but as you say pretty light because of no champions league.
Yes... but it's still money down the drain, and lots of it. And in next year's accounst they'll probably have to write off at least 50% of some of the player asset values, the pay off for Comolli, Bruckner, the legal lady, and maybe even Dalglish if they decide to get rid.
It aint looking good unless we start operating more efficiently in our senior management & HR departments as well as on the pitch.
