KopTalk.com Forums Football Liverpool FC Forum What have FSG brought to the table ?

Aldridge

Bit hard to say the first or second time rush were totally different but I feel in his great days rush (although great) was aided by dalglish who was any strikers dream provider

Rush for me Stan , though only first time round.

Though I take your point on Dalglish, what a player.

Very very hard to judge second time rush against Aldo I think Aldo first time rush

Very very very hard

Yeah would agree with that. Rush played in a brilliant side the first time around.

Though Aldo was hardly starved with Barnes and Beardsley in the team.

Rush was more skilful and faster but Aldridge was a big game player and had the knack of being in the right place and brilliant reader of the game

Off to bed looking forward to seeing vish,s answers tomorrow

Check the last year's accounts and you'll see there is not much of exceptional (one off items there), it's about 3m.

A quick simple calculation on your 500m investment in the stadium over 30 years: Yearly Capital repayment 17m, first year interest 4% - 20m, let's average capital and interest repayment over 30 years (first year + last year divide by 2, (17+20+17)/2, ie 27m yearly. Yes, inflation will increase our revenues but also our costs including interest too, so in present value let's assume the same. In your plan additional revenues (compared to a refurbished stadium) could come up only as from year 11 and additional investment will be required for additional seats (above the 60k) and nobody knows if there will be enough of match going fans then. Simple maths for me unless you can come up with other figures.

Yes United's bigger stadium contributes to much higher revenues but they never spent in a brand new stadium and have been adding seats at minimal marginal costs. So you just have a vision without anything to back it.

Can't argue with that

Check the last year's accounts and you'll see there is not much of exceptional (one off items there), it's about 3m.

A quick simple calculation on your 500m investment in the stadium over 30 years: Yearly Capital repayment 17m, first year interest 4% - 20m, let's average capital and interest repayment over 30 years (first year + last year divide by 2, (17+20+17)/2, ie 27m yearly. Yes, inflation will increase our revenues but also our costs including interest too, so in present value let's assume the same. In your plan additional revenues (compared to a refurbished stadium) could come up only as from year 11 and additional investment will be required for additional seats (above the 60k) and nobody knows if there will be enough of match going fans then. Simple maths for me unless you can come up with other figures.

Yes United's bigger stadium contributes to much higher revenues but they never spent in a brand new stadium and have been adding seats at minimal marginal costs. So you just have a vision without anything to back it.


As an accountant Vish reading the clubs accounts I would not even bother refurbishing the stadium. But football clubs accounts are a mystery probably no premership club at all or any club for that matter is solvent. Whereas the 2013 exceptional costs are not high there are significant losses on disposal of players. What I do know about football clubs accounts is you cannot take a single years trading and extrapolate it the accounts are extremely variable. Based on B/E payback to year 11 that to me seems very reasonable given a stadium lasts for 100 years or more. Nor do the numbers allow for business growth (none matchday) surely this is ultra coinservative especially as we are back in the chamopions league. You could argue we can't guarantee being in the champions league ansolutely not but we have to assume we will be (Arsenals model did) otherwise we plan ahead on the lowest denominator and we know where that will end up. No business I know plans like that otherwise you would never achieve anything planning to fail you plan for success and growth. Liverpool's debt is tiny relative to other clubs whereas thats good we are under levered and we have capacity to borrow to achieve growth. Based on those assumptions and numbers a new build is easily acheivable in the long term (30 years) which is what I have consistently said.