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Apr 25, 2002
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i just read that Liverpool reported an annual loss of $42 million pounds.. lol
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By Ken Ferris
LONDON, June 4 (Reuters) - Liverpool's parent company, owned by Americans Tom Hicks and George Gillett, made a loss of 42.6 million pounds ($69.75 million) last year mainly due to interest payments to service the debt taken out to buy the club.
The annual accounts for Kop Football (Holdings) Limited released by Companies House on Thursday and reported by British media also included a warning from the Premier League club's auditors KPMG LLP.
The accountants said remaining uncertainty over the refinancing of an existing 350 million pounds loan before the July 24 deadline "may cast significant doubt on the group's and parent company's ability to continue as a going concern".
The accounts for the year ending July 2008 showed Liverpool made a 10.2 million pound profit but Kop Football (Holdings) Limited lost money after paying 36.5 million in interest.
Despite Liverpool posting a record turnover of 159.1 million pounds, the club's net debt -- not including that of the holding company -- jumped from 43.9 million to 86 million.
REFINANCING DEAL
The accounts also showed the net debt of Kop Football (Holdings) Ltd rose to 299.5 million pounds.
However, KPMG said the club's owners Hicks and Gillett, who took control of Liverpool for 218.9 million pounds in February 2007, were confident of securing a refinancing deal.
In their notes to the accounts KPMG said: "The group has credit facilities amounting to 350 million which expire on 24 July 2009. The directors have initiated negotiations to secure the replacement finance required by the group and these negotiations are ongoing.
"These conditions ... indicate the existence of a material uncertainty, which may cast significant doubt upon the group's ability to continue as a going concern, and it may therefore be unable to realise assets and discharge liabilities in the ordinary course of business.
"Nevertheless, after making full inquiries and considering the uncertainties described above, the directors have a reasonable expectation that the group will secure adequate resources to enable the group to continue in operational existence for the foreseeable future."
(Editing by Ian Ransom; To query or comment on this story email
They had an article on the EPL's huge amount of debt in the Wall Street Journal. A couple interesting things I remember from it:

-EPL teams debt totals about 4 billion pounds
-Most teams sponsors are pulling the plug or getting ready to pull the plug due to them losing money
-If a team gets relegated, its estimated they lose at least 8 million pounds per year depending on the team
 
Jan 9, 2009
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::waves bye bye to the great CR7::

Real Madrid Move Is Flattering For Me - Cristiano Ronaldo

LONDON (AP) — Manchester United accepted a world-record transfer offer for Cristiano Ronaldo from Real Madrid on Thursday, clearing the FIFA player of the year to negotiate terms with the Spanish club.

The Premier League champions said it received an unconditional offer of 80 million pounds, or $131 million, for the 24-year-old midfielder. Unlike last offseason, Manchester United is willing to allow the Portuguese star to join a major European rival seeking to build a new era of "Galacticos."

"At Cristiano's request — who has again expressed his desire to leave — and after discussion with the player's representatives, United have agreed to give Real Madrid permission to talk to the player," United said in a statement. "Matters are expected to be concluded by 30 June."

It was the second major move for Real Madrid this week, following the acquisition of Brazilian star Kaka from AC Milan, which sold the 27-year-old midfielder for a transfer fee said to be 65 million euros, or $92 million.

And Real Madrid may not be done. It was said to be negotiating to obtain 27-year-old forward David Villa from Valencia.

Kaka's deal eclipsed the $65 million Madrid paid Juventus in 2001 for French forward Zinedine Zidane, and the agreement for Ronaldo will smash that.

Madrid confirmed the offer for Ronaldo in a statement, saying: "The club hopes to reach an agreement with the player in the coming days."

Fans in North America will get a close-up look at the remade team. Real Madrid has preseason exhibitions at Toronto FC on Aug. 7 and against D.C. United two days later at Landover, Md.

Born Cristiano Ronaldo dos Santos Aveiro, he has said he was named after Ronald Reagan. Known as much for his brashness — he fakes dives to try to win fouls and winked after getting Manchester United teammate Wayne Rooney sent off at the 2006 World Cup — as his brilliant play on both the left and right sides of the field, Ronaldo joined United from Sporting Lisbon in 2003.

After scoring 42 goals in the 2007-8 season and helping United win both the English Premier League and the European Champions League, he had a lackluster European Championship with Portugal, then pushed for what he called at the time a "dream move" to Madrid.

An unsuccessful complaint about Madrid's pursuit was made to world governing body FIFA, a move was blocked then by United manager Alex Ferguson, who traveled to Lisbon to persuade his player to stay at Old Trafford. That didn't stop Ronaldo being linked with Madrid, and Ferguson's irritation boiled over in December when he said he "wouldn't sell Madrid a virus," describing the club as a "mob."

Ronaldo started the most recent season slowly following ankle surgery and finished with 26 goals as United won its third straight Premier League title but lost to Barcelona in the Champions League final.

He was under contract through the 2011-12 season. But Florentino Perez, who returned as Madrid's president on June 1, made it clear he wanted to create a second group of "Galacticos" to rival Zidane, Luis Figo and David Beckham, with Ronaldo topping the list.

Madrid finished second to Barcelona in Spain's La Liga but is considered to be the world soccer's richest club based on revenue. According to account firm Deloitte, Madrid earned over $512 million in the year ending last June 30, compared to second-place United's $455 million.

United was acquired by the Glazer family, which owns the NFL's Tampa Bay Buccaneers, from 2003-5 for about $1.47 billion in a highly leveraged deal.

Ronaldo was viewed by some as a divisive influence at United, openly challenging Ferguson's authority.

In the last weeks of the season he angrily swiped at some TV equipment while shaking his head in annoyance when he was taken out of a match against Manchester City. When he missed a shot against Wigan, he answered Ferguson back from the pitch while shrugging his shoulders.
 
Apr 25, 2002
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yes ,now get rid of him and swoop up ribery,drop berba and keep tevez
Ribery is going to go to Spain, I guarantee it. He already said he didn't want to go to England. Your other idea (dropping Berbatov and keeping Tevez) is a good one. Berbatov is a lazy fuck, Tevez is an animal and always running. I doubt Tevez will stay though. He's going to go to City and partner up with Robinho, which is going to be nasty.

I think this isn't a good look for soccer. $131 million for Ronaldo?? How can the smaller teams ever compete with the big clubs who can afford these players? Soon there will be 0% chance a lower tier squad can be promoted/compete with the giants. Plus, RM fans might be cheering right now but I bet you ticket prices go way the fuck up. Atmosphere goes down if supporters can't afford to get in the game cause you wanted to spend $200 million on 2 players lol....

Barca still wins La Liga next season I'm calling it right now.
 
Apr 25, 2002
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@ least we'll get to see Ronaldo vs. Messi at least twice next season. Should be interesting. Add in Kaka vs. Ribery. the Spanish Derby matches are going to be INSANE
 
Aug 9, 2006
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where grapes bandwagon ass at?

lil brother city sitting on top of the table after raping rooney and united @home LOL..they snuck in thier window and raped raped raped

City 6, United 1


oh yeah and fuck oklahomo