Spanish striker could be working for a bank next year
According to The Times, Liverpool will be forced to sell Fernando Torres and Ryan Babel if they do not stump up £31.5m owed to creditors.
Usually, Premier League clubs fund purchases through television income, but Liverpool made the unusual step of borrowing the money from banking institutions to pay for their star striker and the tricky Dutchman. The club refinanced the £31.5m debt in January, at the same time as they secured a £350m refinancing package. Liverpool will have to pay £30m a year in interest alone on the huge loan, the terms of which end next July. If they fail to repay the smaller loan by the end of the 18-month agreement, the Reds will have no choice but to sell Torres and Babel.
This financial nightmare couldn’t have come at a worse time - Gillett and Hicks are bickering like little girls over their stakes in the club, while they top brass are attempting to finance the new Stanley Park stadium.
With all the kerfuffle going on in that boardroom, it wouldn’t be out of the question to see Torres and Babel forced out of the door and starring in those Halifax adverts with Howard.
10 responses so far
1 Andy Nicholson // Apr 18, 2008 at 10:10 am
I’m dance naked through the streets if this happens. What a load of bull.
If they failed to fund the loans then they risk losing the club.
2 maikel // Apr 18, 2008 at 10:18 am
The Best For The Club If Hicks And Gillet The Sell Ther 50%
3 hahaha // Apr 18, 2008 at 11:03 am
haha what a fuck up!!!
4 RedMist // Apr 18, 2008 at 2:11 pm
Exactly - if they fail to fund the laons they risk losing the club. That’s what you get for being greedy and desperate to play with the big boys like Man Utd and Chelsea instead of just being steady and building your team and new stadium on steady business principles. Parry wanted it all now and has truly fucked it up
5 Daily Dose 4.18.08 - Europe - The Offside - Soccer News and Opinion from leagues around the world // Apr 19, 2008 at 2:33 am
[…] Will Liverpool be forced to sell Torres? (The Spoiler) […]
6 Django // Apr 19, 2008 at 3:30 am
How embarrassing for myself as an American and a Liverpool fan…empty promises and absolutely shameful behavior.
7 Jolie // Apr 19, 2008 at 2:37 pm
If they sell Torres,they lose a lot….
8 eastwood // Apr 19, 2008 at 7:42 pm
If Benitez goes, Torres goes and why should Benitez stay to deal with those prats
9 Tone // Apr 20, 2008 at 11:53 pm
What a lot of shit. Don’t you do any research on this site?
Torres’ transfer was financed exactly the same way as all the others, including Babel. There might be risk on the club but not on any individual players.
10 Dusty // Apr 21, 2008 at 12:52 pm
load of bollocks mate, surely there must be something better to write about than this?