From The Echo:
"Liverpool's debt continues to shrink
FSG do get a lot of stick. Some of it is warranted, some not so much.
And to give the owners the credit they are due, they have greatly reduced the club’s debt - from £237m to around £40m, in fact.
Andy Hughes said:
'Overall we have seen an 80 per cent reduction in our net external debt. The bank facility has been refinanced three times in that period. We now have a long term financing deal in place which gives us the necessary head room to operate the club in a balanced, appropriate and secure way.' "
Do you all agree that, in a vacuum, the debt reduction is a good thing for the club? When the previous owners ran the debt so high, did you criticize them for it, or was that OK?
I fully understand the most important thing is success on the park and that is what owners must ultimately be judged on (and that it hasn't happened yet). But are you rejecting this or just not convinced it is important?
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