Sunday, 7 June 2009
The Academy of Soccer? Check Out Liverpool First!
Do you remember an article on here from Celtic Hammer that caused a certain stir amongst our Scouser brethren? Celtic warned that the American owners were struggling to refinance the loan used to buy Liverpool and that storm clouds were brewing over Stanley Park.
Well, from what I have read this week, Celtic was not exaggerating the case as the angry Scousers insisted. Despite operating as a club in profit, Liverpool in fact had to finance the debt on the Americans' loans, and so made a loss last season - and this servicing of debt is eating into Rafa's transfer budget for next season. Meanwhile the deadline for that loan is fast approaching and the Americans cannot even agree on whether they should look for a buyer, never mind have a deal in place to sell the club; and nobody wants to lend them the money to keep it going!
These are worrying times in Liverpool and a serious tilt at the Prem next season may well be undermined by the Yanks' debts. Indeed, it seems that Barry was lost to City because they could pay the £12m up front whilst Liverpool could only manage it in installments. Liverpool, struggling to cough up £12m? That really would be a test for Splash the Cash Rafa!
Now there are rumours that the cowboys might be about to ride in to "save the day" at West Ham, just as they rode in to Europe in two World Wars - very late but in time to share the glory. Personally, I would prefer sticking with the Indians if that steel magnate is genuinely interested. True, there isn't a great deal of understanding of the game of Association Football amongst the Indian community but there can't be less than amongst the Yanks. The idea of Upton Park becoming the "Academy of Soccer" sticks in the gullet somewhat!
Posted by Hammersfan at 14:38