Liverpool managing director Ian Ayre has moved to quash speculation that Liverpool is in any kind of trouble, following the impending announcement of a £20 million loss.
The accounts will be posting a £184 million revenue figure, pegged against £123 million in net debt and interest payments of £17 million, according to the official Liverpool website.
The figures don’t, however, take into consideration that the club was purchased by Fenway Sports Group, which occurred last October and was three months after the 2009-2010 financial year ended.
"As much as we are all aware of the difficult circumstances surrounding these accounts and that period in [Liverpool]'s history, everyone in the world can now see just how much has since been achieved," Ayre said.
"Since the end of the last financial year, Fenway Sports Group has paid off £200m of acquisition debt from the previous owners, dramatically reducing interest payments as a result and meaning we are able to invest more revenue in the team rather than servicing debt.
“We have also enjoyed significant commercial growth since these accounts were finalised, including our shirt sponsorship deal with Standard Chartered, which was the largest partnership contract in the Club's history.
"On and off the pitch since the end of the last financial year, the picture is an improving one as we focus on growing profitability and strengthening the First, Reserve and Academy operations. We had an extremely successful January transfer window which saw the Ownership and management teams working closely to bring in some high quality players.
"We have also focussed on reducing the average age of our squad and are delighted with the progress of a number of our younger players who have come through our revamped Academy operation.
"The club is now in an excellent position to move forward and all of us can approach the future with optimism. "
Liverpool looked to be in deep financial trouble after Hicks and Gillett took over the reigns in 2007. While they assured fans they wouldn’t attach any debt to the club, they appeared to do the opposite, pouring £200 million of debt into the club.
Now though, the landscape at Liverpool is completely different to the one in 2009-2010. With new sponsors, players and a clean
out set to occur by Kenny Dalglish in the summer (should he get the manager's job), fans can certainly look to a brighter Liverpool future.
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