According to Spirit of Shankly's website:
* Liverpool FC has an overall debt-burden of £350m
* Interest payments for this debt are around £30m each year.
Various inflated figures have also been advanced by the media, with figures of around £300m debt and £40m worth of interest payments being common.
Well, a reliable source close to the club has kindly clarified the situation and provided accurate, up to date figures detailing the current levels of debt/interest.
1. The Owners have reduced the club's debt level to £200m (plus a £37m pound facility for stadium soft costs).
2. Current interst payable per year is less than £20m.
3. EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) was £47m last year and will rise by a further £18m when the Standard Chartered/Carlsberg deals kick in.
4. After the club's equity raise, debt will be less than 3 X EBITDA, which is very conservative, and FAR less than the other top clubs
So - as you can see (and as this site has argued repeatedly over the last few months), things are improving off the pitch. The debt level is decreasing, interest payments are decreasing, and over time both figures will decrease even more.
Forget the spin, forget the tabloid/SOS exaggeration and blatant anti-owner agenda: These are the facts, and in my view, they're very encouraging.
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