THEY HAVE CLAIMED MORE ON EXPENSES FROM OUR CLUB IN 18 MONTHS THAN RAFA HAS AVAILABLE TO HIM FOR TRANSFERS THIS SEASON.
THE MONEY FROM THE SALE OF XABI ALONSO HAS ALL BUT GONE ON INTEREST PAYMENTS
LIVERPOOL FOOTBALL CLUB PAY £1,000,000 IN INTEREST PAYMENTS EVERY NINE DAYS
Feb 2007:
" When they bought Liverpool in 2007 for £174m, Gillett promised not to load any debt on to the club."
January 2008:
Co-owners George Gillett and Tom Hicks secured £350 million in refinancing on their original £200 million-plus takeover loan from Feb. 2007.
A spokesman for Hicks said, that despite the original statement that only £105 million would be charged to the club, Liverpool will be hit with the remaining £245 million, which is now on the books of Kop Football Ltd., the vehicle Hicks and Gillett used to take over the club.
That new loan will cost Liverpool about £30 million in annual interest payments.
LIARS
Again, in 2007, former Liverpool chief executive Rick Parry and former chairman David Moores said they stopped any efforts to transfer the £220 million from last February's takeover to the club's books.
The deal had £105 million burdened on the club, with £60 million going toward the new stadium. The remaining sum will cover other club debts.
Club officials had no problem with £8 million a year to cover the £105 million debt.
We currently pay £1million every 9 days in interest,
Now, the interest payment alone could wipe out any profit the club makes.
TWO AND A HALF YEARS LATER AND NOT EVEN A SPADE PUT IN THE GROUND.
LIARS
June 2009:
Liverpool FC are being made to pay almost £2m to cover the travel, legal and other personal expenses of the club's owners, Tom Hicks and George Gillett. The accounts published for the owners' holding company, Kop Football, for the year to 31 July 2008, show that Hicks charged £192,000 for "third party consulting, travel and other expenses," while Gillett charged £129,000 for "reimbursable travel, legal, personnel and other expenses".
The two men charged significant amounts of money for the same expenses, incurred by themselves personally "and affiliated companies", during the previous seven-month accounting period, which ran from 18 December 2006 to 31 July 2007, too. Hicks charged Kop £198,000, while Gillett charged £375,000.
The pair also claimed almost £1m for what are described in the accounts as "transaction-related expenses". Hicks and affiliated companies charged Kop £133,000 in this category, while Gillett's figure was much higher: £823,000. The total charged to Kop in expenses, for the owners and their affiliated companies, in 18 months from their takeover in early February 2007 to the accounts' end date of 31 July 2008, was £1.85m.
This is MORE than what Rafa has been allocated towards transfers this season.
The money he has recouped from the selling of Xabi Alonso has gone on INTEREST PAYMENTS.
July 2009:
Liverpool football club’s American owners have refinanced 290 million pounds ($476.6 million) of debt with Royal Bank Of Scotland. Owners Tom Hicks and George Gillet had borrowed 290 million pounds. They got the new agreement after pledging to pay back 60 million pounds of the debt outstanding, the person said.
I WONDER WHERE ALONSO'S TRANSFER CASH HAS GONE?
Liverpool FC's parent company, Kop Holdings had a full-year loss of 42.6 million pounds because of 36.5 million pounds of interest payments on loans despite Liverpool posting a record turnover of £159.1m for the year ending July 2008 and a profit of £10.2m.
So where have these two taken us in the last 2 and a half years?
In summary:
2007:
"When they bought Liverpool in 2007 for £174m assuming £44.8m in liabilities, Gillett promised not to load any debt on to the club."
2009:
Liverpool football club’s American owners have refinanced 290 million pounds ($476.6 million) of debt with Royal Bank Of Scotland.
THEY HAVE CLAIMED MORE ON EXPENSES FROM OUR MONEY, FROM OUR CLUB, IN 18 MONTHS THAN RAFA HAS AVAILABLE TO HIM FOR TRANSFERS THIS SEASON.
THE MONEY FROM THE SALE OF XABI ALONSO HAS ALL BUT GONE ON INTEREST PAYMENTS
LIVERPOOL FOOTBALL CLUB PAY £1,000,000 IN INTEREST PAYMENTS EVERY NINE DAYS
THEY PROMISED £60million 2 years ago to go towards the new stadium - NOTHING HAS BEEN DONE, NOT A SPADE IN THE GROUND.
LIARS
If you feel as strongly about this as thousands others then it is time to make a stand. We will be making our voices known over the course of this season, no doubt about it and will be doing our utmost to hound these robbing, lying cowboys out of town. Please spread the word to those who dont know about the FACTS about Hicks and Gillett and please join us in the upcoming marches, demonstrations and protests.
It is VERY possible that Liverpool Football Club could "do a Leeds" if these two remain in charge as they are on track to bankrupt us.
Please join the Spirit Of Shankly Supporters union (SOS) whose hard work in organising travel for supporters, speaking out for the fans and liasing with the club in all supporter's matters has become invaluable. More information on future action will be available from the site:
http://www.spiritofshankly.com/http://www.spiritofshankly.com/join.html