Liverpool report annual loss of £40.5m

Liverpool have reported a £21.8million increase in their debt – now £87.2million overall – and a loss of £40.5million in their annual accounts. A restructuring of their accounting period to align it with the football season means the figures apply to the 10 months between August 1, 2011 to May 31, 2012. They show that although commercial revenue increased, so did the club’s overall liabilities.… Read more