Well 1stly he just wants to suck up to Abramobich. And he's just thinking how he can get a nice cut of the pie from LFC's sell off in pieces.
The club sold 3yrs ago for 169m or so, debt paid off. We were as good as anyone in Europe
Now we have 340 to 440 m or so debt. And no Champs Lge squad. And we may struggle to finish 6th.
They havent just plundered current income, theyre drawn against future income. Sold players for cash and bought replacements for nothing or on long term credit.
From a commercial point of view, the "business" ( thats a sick word) cannot make money due to the debts. And its liabilities exceed its assets.
They had no interest in selling. Drawing out the equity was done by invoicing scams( bogus architects fees etc) and loading on fictional debt devices.
I know another big name chairman who did EXACTLY the same. Its the same plan for all of em.
Broughton is about keeping the Yanks and the banks happy, not a sale. Notice him wriggle in interviews. As it all stands, there is NO value in LFC.
But watch the lemmings , sorry fans, keep handing them money. Handing them money just puts more nails in the Liver Bird's coffin: (
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