KopTalk.com Forums Football Liverpool FC Forum MORGAN: I WOULD HAVE CUT REDS DEBT

Wolves owner Steve Morgan claims Liverpool would be debt-free if they accepted his investment offer before George Gillett and Tom Hicks eventually took charge at Anfield.

Morgan abandoned his bid for Liverpool in 2004 after "indecision" from the board, with Gillett and Hicks taking control three years later but having their reign heavily criticised by supporters for the debt taken on by the club.

"I was going to put at the time up to £70million investment into the club," Morgan told Bloomberg.

"It would have been cash into the club. It would have pretty much reduced the debt and got the debt down to nil."

Liverpool's debt has been estimated at £237million and chief executive Christian Purslow has been working on securing outside investment.

The club have to pay interest on their debt, but Morgan added: "If I'd have been there, there wouldn't have been that interest bill."

At least there would have been an English owner

i would have liked to see morgan given a chance - but it was never going to happen as he wanted to pay as little as possible to make sure he had as much as possible left to invest ...... we all know moores was only interested in who offered the most money

Yep and regretting that move ever since i hope

yep. he should be ashamed everytime he shows up at anfield.

does he still go now he doesn't get his expenses paid to visit??

lol. doubt it

we don't have any cash to spend now ...... at least we wouldn't be in huge amounts of debt though with morgan

not a fan of yanks like everyone else but Morgan was not the answer. He bought wolves soon after losing out on us,for a very low price.In my opinoin He wanted it for his ego.

soon after? he gave up on trying to buy liverpool in 2004 - it was 2007 when he bought wolves ...... that's 3 years

[quote=trepie]soon after? he gave up on trying to buy liverpool in 2004 - it was 2007 when he bought wolves ...... that's 3 years [/quote


I bow to your knowledge. im sorry for not knowing the dates. my point was that he went from wanting to buy or invest in us to wolves. im sure there are bigger teams than wolves who would have been grateful for that sort of investment. so again I.M.O i dont think he had that sort of cash and it was more of an ego thing. he will be loving this story being out there.