yes, LFC owe money to both FSG and the banks, FSG have given the club an interest free loan, FSG have also leveraged the clubs assets to borrow from banks.
This is exactly why FFP was brought in. To stop this from happening. It is there to protect clubs.
The American owners are doing exactly what Abramovich and City’s owners are doing but a little bit on the cheap.
I suppose it’s easier be holier than though when they speak the same language as you
FSG and the Glaziers are burdening the clubs they own with debt and raping them for profit. But look at the oil money lads.
It’s all dirty, don’t pretend your shit doesn’t stink
@EstebanSexface No sign of Liverpool in the record signings of the 1960’s, 70’s or `1980’s judging by this. It appears they finally spent £1 million on a player some 8 years after Forest had first done so.
Actually a couple of the record sales were by Liverpool (Keegan and Rush) for two players bought for a tuppence.
The difference between FSG and the Ambromovich’s of this world is that FSG expect the money to be paid back. FFP was introduced to prevent sugar daddy owners. How are FSG sugar daddies if they expect loans to be repaid and a return on their investment.
You have simpletons like @Fulvio_From_Aughnacloy calling FSG sugar daddies while lambasting them for putting LFC staff on furlogh during the pandemic. Just shows a basic lack of understanding.
A year after signing for Milan, at the age of 24, Lentini was involved in a serious car crash whilst driving home from a pre-season tournament in Genoa, in August 1993. He fractured his skull and damaged his eye socket and he spent about two days in a light coma.[6] After the crash he never fully recovered his mercurial dribbling skills. Plagued by ‘memory loss’, periods of blurred vision, and ‘dizzy spells’ he was tormented by the spectre of what his career once was, when he returned to the pitch at the end of the 1993–94 season. His teammate at the time, Marcel Desailly, was compelled to confess that “You could see the skills, how he was before the accident and after the accident, the balance was completely different”.[3] His career in Milan fizzled out and culminated in a European Cup medal and another Serie A title that season, but this was merely for filling the bench; a paltry return for the world’s most expensive signing at the time. The next two seasons would see him make few appearances, although he collected another Italian Supercup with the club, as well as a UEFA Super Cup, in 1994, also receiving runners-up medals in the 1994 Intercontinental Cup and the 1995 UEFA Champions League Final. During his final season with the club, he won a third Serie A medal.[5]
In 1996, he moved from Milan to Atalanta for a season, helping the club to a mid-table finish alongside Filippo Inzaghi, and he went on to play for six further clubs.[7] He returned to Torino in 1997, spending three seasons with the club, and during the 1998–99 Serie B season, he helped his side to earn to promotion to Serie A the following season, where they once again would face relegation, before playing several seasons in the lower divisions with various other clubs. He subsequently played with Cosenza (2001–03), Cosenza F.C. (2003–04), Canelli (2004–08), Saviglianese (2008–09), and Nicese (2009–11), before ending his career with Carmagnola during the 2011–12 season, at the age of 43.[5]
no it was brought in to prevent clubs from operating at a debt. So they couldn’t spend more than they earn. It was brought in to protect clubs from owners.
Now there was an attempt to make this a barrier to breaking the glass ceiling and disrupting the cash cows of the established clubs like Liverpool, United and Arsenal, but this was destroyed in a court of law.
So then they dreamed up a super league so they could all roll around in a bed of money together and fuck everyone else and City got in bed with them.
I hope every club involved in that get wound up in my lifetime
The debts they wiped out are only repaid when they sell the club. You are out of your depth in this discussion, go look for a few stock statements to repeat before you tie yourself up in knots with the detail.
You’d have to say, post covid - it’s frightening what the Manchesters and Chelsea can do after the last year… Mr Henry might have to dig deep or they’ll be battling for 4th again.
how did that compare to other clubs in the same time period? did anyone else spend 5m, Liverpool were paying the highest wages too.
The same pattern always repeats itself, whoever spends the most, wins the most.
It’s only Liverpool try deny it because victimhood is part of the clubs culture. A vile club and Heysel should never be allowed to be airbrushed from history
Considering Man Utd had spent £1.5 million on Brian Robson alone, Forest had spent £1.18 million on Trevor Francis and City had even spent £1.45 on some Steve Daley fella then I’d say it’s safe to assume all of those clubs spent more than £5 million over a 9 year period yes. You were the one trying to compare Manchester City’s current monopoly and 2 billion project to Liverpool’s success in the 70’s and 80’s.
Poor old @Fulvio_From_Aughnacloy crying about Wall St billionaires years after an FSG partner bought AS Roma and all the while crowing for billionaire financier Dermot Desmond to waste money in the McJockstrap league instead of picking up a chimney sweep from East Fife who’ll be enough to win the league.
