NESV/Fenway Sports Group: Owners of LFC

You're an accountant??

Please do give me your secrets on how I could get away with that in the EU legally, I would save myself alot of taxes

 

Why would they manipulate the accounts and commit a serious crime in the process to take money out the club when they could do that very easily without having to break the law? That’s what I want to know

The lengths some people go to find an issue with FSG is ridiculous and means a proper conversation about their approach can’t be had

Why would they manipulate the accounts and commit a serious crime in the process to take money out the club when they could do that very easily without having to break the law? That’s what I want to know

The lengths some people go to find an issue with FSG is ridiculous and means a proper conversation about their approach can’t be had

Exactly. FSG can do whatever they want with Liverpool and the money it generates any time they please. However, we should instead believe they are committing fraud in the EU and US because some tw*t doesn't like the net spend figures. Shows the level of ignorance of some people

Some posters on here have zero knowledge of Finance. Just be humble about it and admit that "I don't know how to read the accounts" or just "I have no clue" instead of spouting some rubbish and bullshit

This thread is proof of how much the school system has failed society in some instances. Some of the stuff you read on here and the complete lack of understanding of basic business and accounting is eye watering.

This thread is proof of how much the school system has failed society in some instances. Some of the stuff you read on here and the complete lack of understanding of basic business and accounting is eye watering.

I don't pretend to understandf any of it, I just like smoking dope! 

It’s all very simple. Those who do not like that FSG isn’t spending enough should argue the way of “be like an oil sheik or Russian oligarch and spend money on players out of your own pocket.”

And don’t go down the route of fan owned club because when you become an owner, calls will be on you to go out of pocket to spend on players. You will become broke!

Don’t use finance or business against people with knowledge of how board of directors operate. FSG is doing well within what the corporate world normally does. The fact that we are not bankrupted, burdened with debt like H&G, or having the need for constant capital injection by the owners shows that the management of the club is financially sound from the downside perspective. We may not be rich but the club isn’t dead or liquidating.

My last word on debt borrowing - borrow only if the assets yield a decent ROA “return on assets”. You don’t borrow to buy players who will be fully depreciated at the end of their contracts. Rather you borrow to fund a new stand which will generate matchday revenue forever and ever. The additional ticketing revenue can fund the debt in some sense until it’s fully repaid and thereafter you earn that extra revenue forever and ever. To borrow to fund a player, there’s not guarantee of more prize money and you’ll have to pay his wages. There’s nothing to repay the loan. Borrowing to buy a Leo Messi sounds nice but it doesn’t make financial sense.

The only thing that’s going to change is for someone to point a gun at JWH or Linda to ask him to spend more. Otherwise we can just keep debating on these boards.

This thread is proof of how much the school system has failed society in some instances. Some of the stuff you read on here and the complete lack of understanding of basic business and accounting is eye watering.

Think all you need is a pair of ears to listen to what Jürgen has asked for.

So what was the relevance of the point in regards their football knowledge?

I have said it many times - they leave the football side of the club to others that they employ.

All meant by 'football knowledge' was that they can't see what many fans can see. Which might have made them more receptive to Jurgens request.

Obviously nobody wants and owner interfering in signings, or the managers business.

Think quite a few will be happy to discuss accounts, how great FSG are at those etc.
And that's all well and good. We need to keep that side of the house in order.

Think the majority though want the team to do well, to win things, and to help the manager achieve this.
He has asked FSG to go further. 
He generally tries to stay out of that side of things, but still, has decided he needs to point that out.
They have a model, that the manager is familiar with, yet he has requested this.
Think most feel that, to challenge for the top trophies, he is right.

So, get on with it FSG.

Look what happened 2 seasons ago when we had terrible defensive injuries in the Jan window no investment and we cut it close to qualify. This time we have a midfield injury crisis at the start of the season again no investment will we again struggle to finish 4th or above

Think quite a few will be happy to discuss accounts, how great FSG are at those etc.
And that's all well and good. We need to keep that side of the house in order.

Think the majority though want the team to do well, to win things, and to help the manager achieve this.
He has asked FSG to go further. 
He generally tries to stay out of that side of things, but still, has decided he needs to point that out.
They have a model, that the manager is familiar with, yet he has requested this.
Think most feel that, to challenge for the top trophies, he is right.

So, get on with it FSG.

They completely ignore the fact that Klopp asked for more. Actually, they deny it.

All meant by 'football knowledge' was that they can't see what many fans can see. Which might have made them more receptive to Jurgens request.

Obviously nobody wants and owner interfering in signings, or the managers business.

So you want them to see that some fans are demanding transfers and to get involved ? Sorry confused

So you want them to see that some fans are demanding transfers and to get involved ? Sorry confused

I think you have a problem or you're on their payroll. It's absolutely F***ing bonkers how you are on literally every single post about them.

Very, very odd.

When you say sh*t like FSG will put us in 4b debt once they sell shows me how you have ZERO F***ing CLUE.

Borrow money to buy players? Jesus wept.

owners finance their clubs with loans to invest in facilities and infrastructure, it's where all the value comes from and it's where club improvements happen. not f**king players who have a huge risk profile, especially if you spend all your loan on a f**king flop.

The risk is putting the club in huge financial distress, where if your players you bought underperform you won't be able to pay back your loan.

another f***in FSG knobhead where do you think new onwers will get the £4billion or are FSG giving the club away because thats the kind of people they are honestly just F**k off back under your rock

They completely ignore the fact that Klopp asked for more. Actually, they deny it.

The mancs have got a capable manager who has acquired players that address perceived shortcomings in the side, they go from a laughing stock to top 5 in a matter of weeks.
We have an infinitely more capable manager who is financially constricted and our progress in the league is abysmal.

The anomaly is obvious.

Don't usually come in this thread.

The basic reality here is this. We were never winning anything with these penny pinching owners in charge and guys like Brendan at the helm.

Then they basically won the lottery getting Jürgen as manager. Under the restrictions he has had to work under he has somehow managed to lead the team to the success we have had.

But let's make no mistake ... we've made money pretty much every window. And let's also make it clear ... with a little more backing from our owners we would have won alot more. And when Jürgen leaves il always have that feeling.

And when that day comes we are in serious trouble as fsg no doubt go for the next Brendan on the block ... not even half the ability of klopp and we end up were we always were going to end up under fsg ... fighting for 4th at best.

Jürgen deserves more backing ... he's earned it and proved it. If fsg won't back Jürgen klopp ... who are they going to back.

We've balanced the books and stood still this summer. We've gone backwards. Other teams are much closer now and on this seasons evidence so far have surpassed us.

Balance sheet in the black again though ... that's more important than trophies.

I think you have a problem or you're on their payroll. It's absolutely f**king bonkers how you are on literally every single post about them.

Very, very odd.

No problem and not on their payroll 👍


And certainly not on “every single post” - someone responded to my post and I responded back 🤷‍♂️

Is it that much of an issue for someone to defend people who have come into the club and turned the club around from the F***ing sh*t storm we had 12 years ago - especially when it’s the same F***ing crying from people about transfers - and the same F***ing crying about them not spending their own money.


Anyone who can’t see the transformation they have done was either not around 12 years ago or they have no idea


And yes they aren’t perfect and yes they made some poor choices -Christ I walked out in the middle of a game because of choices they made that actually affected the fans - not crying over transfers

another f***in FSG knobhead where do you think new onwers will get the £4billion or are FSG giving the club away because thats the kind of people they are honestly just f**k off back under your rock

I would expect that anyone buying the club for that amount would be getting the money from their own means and that would be covered in due diligence- The new Chelsea owner hasn’t just put £4bn of debt on the club 🤷‍♂️

The mancs have got a capable manager who has acquired players that address perceived shortcomings in the side, they go from a laughing stock to top 5 in a matter of weeks.
We have an infinitely more capable manager who is financially constricted and our progress in the league is abysmal.

The anomaly is obvious.

Said it before and I'll say it again.....New manager ALWAYS results in new players, you can't compare, the clubs are at very different parts of their development.

Y

Don't usually come in this thread.

The basic reality here is this. We were never winning anything with these penny pinching owners in charge and guys like Brendan at the helm.

Then they basically won the lottery getting Jürgen as manager. Under the restrictions he has had to work under he has somehow managed to lead the team to the success we have had.

But let's make no mistake ... we've made money pretty much every window. And let's also make it clear ... with a little more backing from our owners we would have won alot more. And when Jürgen leaves il always have that feeling.

And when that day comes we are in serious trouble as fsg no doubt go for the next Brendan on the block ... not even half the ability of klopp and we end up were we always were going to end up under fsg ... fighting for 4th at best.

Jürgen deserves more backing ... he's earned it and proved it. If fsg won't back Jürgen klopp ... who are they going to back.

We've balanced the books and stood still this summer. We've gone backwards. Other teams are much closer now and on this seasons evidence so far have surpassed us.

Balance sheet in the black again though ... that's more important than trophies.

You clearly have a problem with FSG, but where is the evidence that they never put up funds for players that Jürgen wanted. He missed a few targets as their clubs wouldn’t release them, or they chose to go elsewhere !
I haven’t seen any evidence that they refused to bid for any player he’s wanted.
Apart of course the likes of Mbappe  who’s fees are off the planet for 99% of all clubs.

Don't usually come in this thread.

The basic reality here is this. We were never winning anything with these penny pinching owners in charge and guys like Brendan at the helm.

Then they basically won the lottery getting Jürgen as manager. Under the restrictions he has had to work under he has somehow managed to lead the team to the success we have had.

But let's make no mistake ... we've made money pretty much every window. And let's also make it clear ... with a little more backing from our owners we would have won alot more. And when Jürgen leaves il always have that feeling.

And when that day comes we are in serious trouble as fsg no doubt go for the next Brendan on the block ... not even half the ability of klopp and we end up were we always were going to end up under fsg ... fighting for 4th at best.

Jürgen deserves more backing ... he's earned it and proved it. If fsg won't back Jürgen klopp ... who are they going to back.

We've balanced the books and stood still this summer. We've gone backwards. Other teams are much closer now and on this seasons evidence so far have surpassed us.

Balance sheet in the black again though ... that's more important than trophies.

Agree with his 100%

I just love how every fanbase from every club in the world is unhappy with their club owners. 


As far as FSG are concerned, they've made plenty of mistakes, but they also brought us back to the top so they do deserve some credit.

Are they penny-pinchers? Maybe on the transfer market, but don't forget the investments made at Anfield and Kirkby.

They definitely could spend a bit more on players IF Jürgen wants it, but at the end of the day, things could be much worse. People screaming "buy, buy, buy!" sometimes seem too quick to forget the H&G era...

You clearly have a problem with FSG, but where is the evidence that they never put up funds for players that Jürgen wanted. He missed a few targets as their clubs wouldn’t release them, or they chose to go elsewhere !
I haven’t seen any evidence that they refused to bid for any player he’s wanted.
Apart of course the likes of Mbappe  who’s fees are off the planet for 99% of all clubs.

An average net spend of £14m per transfer season window tells me all I need to know about our fiscally adept owners. Klopp deserves more. Simple.

Sure they are paying wages and expanding the ground. Still, the money they take from Nike and that Redbird investment, let alone winning the league and ECL, a couple of domestic cups, plus ticket sales (whilst not a massive amount, it must pay towards something), plus TV rights, tells me Klopp is being curtailed in his ability to manage us. Imagine for a second what he could do with the money Utd have spent. Imagine what he might have done this transfer window with £260m. Obviously that's an extreme contrast (because Utd have money and the new manager spend phenomena), but even half that would see us in a much better situation.

End of the day, FSG are businessmen first, looking after the business, and footballing men, third (behind business and the Red Sox). They are not football men. They bought us because they saw a massive profit. Good for them, but it sucks for us.

Said it before and I'll say it again.....New manager ALWAYS results in new players, you can't compare, the clubs are at very different parts of their development.

The only difference is the owners strategy - the mancs have owners that see the long term benefits in allowing the manager to aquire top players when needed and provide the funds.

Our owners watch the market value of the club bolstered by the methods of Jürgen Klopp yet refuse to back the man financially.

Such miserly owners can be found in the bottom half of the Premier league when the genius of Klopp is absent, unfortunately with the injury situation and advancing years of the squad even Klopp's genius cannot withstand the owner's false economies.