such a none entity its untrue , hope bazza can kiss the badge when rifles in the 4th at villa park for the reds.

taking away his testimonial after 10 years great service, how bitter can you get?

poxy club, poxy fans

Aston ‘League’ Filla

Arsenal have replaced their bank debt with asset backed bonds. The first football club to do so. The interest rate on these bonds is around 5.5% and will be paid over 25 years.

The payments come to around £20m per year.

Remember, Arsenal got into debt to develop the Emriates stadium. Liverpool just got into debt so Hicks and Gillette could buy the club.

Arsenal still have income to come from the development of the old Highbury site (Lough Rd and Ashburton Grove). So there is a huge difference between Arsenal’s well structured plan and future income from the old site and Liverpool’s situation – which is frankly, pretty grim.

Also, Arsenal managed to secure £100m from the new stadium for naming rights. And let’s not forget the new stadium itself, which has increased revenue from around £130m a year to £200m per year. Therefore, even if you take the £20m they have to pay back for the bonds issue, they are still making more profit than before.

Therefore, it was a good business decision. It’s just not comparable to Liverpool’s debt.

Are you starting to do the maths now Jerry? Are you starting realise just how bad the decision was to sell the club to people with NO cash? You may as well have bought the club Jerry. It would have made no difference to the disaster facing your club. Are you still laughing Jerry?

As for Manchester United, they have a debt of £660m which results in payments of £60m per year. Like Livecrpool, someone with no money managed to borrow the money to buy the club and offset the loan against the assets of the club. Like Liverpool, it’s actually a tricky situation to be in. However, unlike Liverpool, Man United turns over about £250m per year. Liverpool turns over about £130m per year.

The problem would not be a problem if it wasn’t for the credit crunch, massive inflation, the prospect of recession and the fear of global collapse.

A year ago, I would have said “Liverpool will simply refinance come 2009″.

But because the banks themselves are in trouble and struggling to shore up their balance sheets there is simply no guarantee that Liverpool will be able to successfully refinance.

Your club is in turmoil. But the players don’t know it – they only count their wages and play football. It’s beyond them. They have agents saying… “Don’t worry about it. Just play your football and leave the money to me”.

Livepool used to be a club with ethics and standards.

Today it has none.

It has lost its soul.

The way it does business is not the old Liverpool way.

You can only have so much class on the pitch if you have none off it.

How do you figure that? Last season we finished behind Arsenal for the first time in 3 years. We were closer to Man Utd than we were to Villa.

Also Martin… If Liverpool are in such a pickle because of their debt, does the same apply to Manchester United (approx debt 650M) or Arsenal (approx debt 300M)?

If not, why not?

Is your argument that because Villa are in better shape financially, they are going to replace these three clubs at the top of the Premiership after they all collapse?

LOL!!