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This article by David Maddock from the mirrorfootball.co.uk asks the question:
Why Liverpool fans desrve to be told the truth by Broughton and Purslow.
In the article Maddock says that for the fourth transfer window in succession, Liverpool have made a profit. He says that this is a worrying, depressing, statstistic that puts into stark perspective the damage that is being done to our great club.
Maddock says that the financial reality at Anfield over the past two years is that we have made a healthy operating profit, generated by an impressive performance from the excellent commercial team now in place at the club.
Maddock contends that Liverpool are more than a match for any other club in world fotball when it comes to generating commercial revenue, which should guarantee healthy investment in playing staff but however it hasn't.
This is because the profit gained had been swallowed by crippling debts placed on the club by the owners who lied about their intentions when they bought Liverpool.
They had said that they would pay for Liverpool with their own money. They did not!
They say they would invest in buying players. For the past two years, they haven't!
The had said that they would invest in a new stadium. They did not!
Instead, the yanks have done one thing and one thing only.... increase the debt that they have incurred on the club! This is to the extent that it will reach 300 million quid by the end of the year and still rising!
As stated by Maddock, "Truly this situation cannot be allowed to go on any longer. Roy Hodgson is a talented manager, but he is no messiah. He cannot turn water into wine. He cannot turn a seventh-placed team in to a Champions' League outfit by selling some of his best players and replacing them with cut-price alternatives."
Maddock continues, "This is economic madness. If Liverpool don't have the lifeblood of Cahmpions' League revenue consistently, they face collapse, and yet their debts mean the manager is not allowed to compete for the top four places that will bring it.
"So what can be done?," Maddock suggests, "For a start the fans have to make clearly that they have had enough of this nonsense. First and foremost to the American owners, by telling them they simply have to go now, and any plan to refinance will be met with passionate resistance."
"And tha fans have to make clear their feelings to Chairman Michael Broughton too, who has a massive role to play in the future of Liverpool Football club."
"Broughton never speaks to the Merseyside media," Maddock said, "He doesn't think we are important enough. Neither does chief executive Christian Purslow. They boththough, seem to have a regular dialogue with well-placed business journalists in London."
Maddock adds, "So the business world is told there are at least five bidders for Liverpool and a deal can be done by August, while you the real fan, are told nothing."
True enough, Maddock adds, "Now, both are strangely silent when it seems there are no bids on the table after all. And a transfer window comes and goes without any investment in the team, even when the whole future of the club depends on it."
"So the time has come to let the cahirman and chief executive know that you, the fan won't put up with this anymore. You want to know what is happeneing, and when it will happen."
"There is an organisation called Kopfaithful - checkout their website. They are dedicated to saving not just the football club, but the community areas around the stadium too, which are being devastated by the lack of promised investment in infrastucture."
Maddock says that Kopfaithful have mounted a campaign in recent weeks aimed at putting pressure on the RBS to stop bailing the Americans out with further loans that require greater and greater levels of repayment. The sort of repayments that prevent any investment in players during the transfer window.
I too hve been wondering what is happening to the sale and I find the period of silence very loud and deafening! We the fans have the right to know what is happening to the club that we love!
What now?
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Negotiator I can't understand how if this was a small buisness the bank would have foreclose the deal if money was not being paid back to them, yet Hicks & Gillett are just being given time after time to pay money they clearly haven't got. RBS I urge u to foreclose the deal take back our beloved club and sell it to someone reputable who do not speak with a fork tongue.
the 27-09-2010 at 22:03
johnwilso86 BEEN OUT OF THE LOOP FOR TWO WEEKS, "Maybe no news is good news" but lets face it we have to have faith in the chairman and Purslow we have no choice?? if push comes to shove let RBS pull the rug from under Messrs Hicks and Gillette and take control when the time comes but I think it wont come to that the club will be sold to who ever thinks we are a good investment. (thats buiseness Ime afraid)
the 13-09-2010 at 13:38
philltubman i think while the yanks and board members pick up hefty cash packets every month they are in no rush to get it sorted the only people who can stop this now is either THE F.A or RBS while we sit and sell our best assets for pennies and no one will come to our beloved club therefore it will be only sensible to put cash in so we are stronger and appeal to more potenial buyers
the 06-09-2010 at 13:07
suehaime I feel strongly about this article because I feel that the Chairman and his Board members have been taking too long to come to a decision that is very important to the survival of the club we all love! YNWA!
the 05-09-2010 at 19:44

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