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Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
EnergisedReds #441587 27/09/14 01:45 PM
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Originally Posted By: vish LFC
Originally Posted By: Stanley Park
Two trains one without an engine the other with only a very small engine


These are the trains that were interested to come to LFC


Well they are not good enough

IF YOU WANT TO BE HEARD SPEAK SOFTLY - BOB PAISLEY
Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
Stanley Park #441590 27/09/14 01:47 PM
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Originally Posted By: Stanley Park
Originally Posted By: vish LFC
Originally Posted By: Stanley Park
Two trains one without an engine the other with only a very small engine


These are the trains that were interested to come to LFC


Well they are not good enough


Everybody gets what he deserves
Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
EnergisedReds #441596 27/09/14 01:54 PM
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Well to get FSG we must have done something very bad

IF YOU WANT TO BE HEARD SPEAK SOFTLY - BOB PAISLEY
Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
Stanley Park #441601 27/09/14 02:06 PM
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Originally Posted By: Stanley Park
Well to get FSG we must have done something very bad


Of course, we were close to administration
Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
EnergisedReds #441604 27/09/14 02:11 PM
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Originally Posted By: vish LFC
Originally Posted By: Stanley Park
Well to get FSG we must have done something very bad


Of course, we were close to administration


I see so our punishment is to be behind man utd and our rivals for all time and we were not close to administration stop talking tripe they could not finance the RBS loan we were never near to trading administration

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Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
Stanley Park #441607 27/09/14 02:17 PM
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Originally Posted By: Stanley Park
Originally Posted By: vish LFC
Originally Posted By: Stanley Park
Well to get FSG we must have done something very bad


Of course, we were close to administration


I see so our punishment is to be behind man utd and our rivals for all time and we were not close to administration stop talking tripe they could not finance the RBS loan we were never near to trading administration


And what do you call a company that cannot pay its debt and is 'taken over' by the bank? We were close to administration because of the losses we made as our revenues were lower than our costs including player amortisation.
Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
EnergisedReds #441608 27/09/14 02:25 PM
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Then why aren't we in administration now the losses today are even greater ? FSG put in a small interest free loan but that was to cost intangible asset losses on the stadium development with prepaid costs. If we were making trading losses beyond our banking arrangements FSG would be investing equity every year just to keep the club afloat I don't see that happening

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Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
Stanley Park #441638 27/09/14 03:02 PM
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Originally Posted By: Stanley Park
Then why aren't we in administration now the losses today are even greater ? FSG put in a small interest free loan but that was to cost intangible asset losses on the stadium development with prepaid costs. If we were making trading losses beyond our banking arrangements FSG would be investing equity every year just to keep the club afloat I don't see that happening


I am very surprised that as an accountant you are saying such things, either you are lying or you didn't look at our accounts. For your information, since they have taken over FSG have financed our losses through interest free shareholder loans of about 100m and I am not sure but I think they also injected some capital when they just took over (around 50m), if I have time I'll check.

Interest free loans are quasi equity as you should know. We have been making trading losses actually (not 100m but losses nevertheless), this is why we are being investigated for FFP but fortunately we can get away with it as they consider only the last 3 years.
Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
EnergisedReds #441646 27/09/14 03:22 PM
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Interest free loans are not quasi equity there is no such thing. And why interest free loan rather than equity that's suspicious and interest free loan implies no long term commitment by FSG. Most football clubs incur trading losses and they seem subject to different financing rules to normal business. That's why I maintain running a football club as a normal investment does not work and the only way forward for Liverpool is some form of consortium or new owners. This current path us getting the club nowhere stadium or no stadium even with the refurbishment and no new ground I can't see where we are heading to with FSG other than broadly remaining as we are

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Re: LIVERPOOL AT RISK OF FFP SANCTIONS.b
Stanley Park #441650 27/09/14 03:39 PM
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Originally Posted By: Stanley Park
Interest free loans are not quasi equity there is no such thing. And why interest free loan rather than equity that's suspicious and interest free loan implies no long term commitment by FSG. Most football clubs incur trading losses and they seem subject to different financing rules to normal business. That's why I maintain running a football club as a normal investment does not work and the only way forward for Liverpool is some form of consortium or new owners. This current path us getting the club nowhere stadium or no stadium even with the refurbishment and no new ground I can't see where we are heading to with FSG other than broadly remaining as we are



Saying that there is no such thing as quasi equity is BS, in fact, it is one method of financing. In all businesses I have worked interest free shareholder loans was present and it is done because it is easier to pay back than dividends. We are currently in negative equity and FSG will have to capitalise the debt if the losses continue as Abramovich did with Chelsea.
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