dawson99 wrote:Do you include money earned from cup competitions in that?
Or sales of merchandise, stuff like that?
The reason some spend more, is the revenue they have helps them.
Yeah mate , I think thats including everything....... CL, tv, sponsorship the lot. I think the only REAL difference a good season has to a bad one is in a good year we spend more on transfers...... in a bad one less, or maybe we just lose a little more money.
We had a very bad period under Houllier when with the huge squad and rising wages we were losing BIG MONEY. Since then although we have lost money its been more controlled, but now we are paying off huge interest payments as well, I think we could be seeing a return of those sorts of levels of losses....... or no transfers.
e.g. :-
Liverpool FC accounts show £33m loss
Jun 9 2008 by David Prentice, Liverpool Echo
LIVERPOOL posted a £33m loss in the year ending July 31, 2007 - according to accounts submitted to Companies House.
And the outlook for the financial future at Anfield is not likely to improve, piling even more pressure on the Reds’ co-owners Tom Hicks and George Gillett.
The first accounts submitted by Kop Football Holdings Ltd, one of Liverpool’s parent companies, revealed the loss.
The club’s £350 million loans will also have to be refinanced as early as January and the club must pay interest on a £64 million loan from Kop Football Ltd, its immediate parent company.
The accounts also reveal that the owners wrote off £10.3 million when they scrapped the club’s design for a new stadium after their takeover in February 2007 – and that the co-owners claimed more than £1.4 million in personal expenses in the seven months after their takeover.
While the figures make bleak reading, it is understood the loss will not affect Rafa Benitez’s spending power this summer.
A significant transfer fund for the manager was included in the club’s overall level of debt, allowing Benitez to still chase his major targets.