Liverpool going Bankrupt?

[Gromit]

Tom Hicks and George Gillett, the owners of Liverpool FC lost �42.6m in the year to August 2008.

The loss was mainly due to the �36m of interest payments that Kop Football Holdings had to make to service the debt taken on to buy the club.

Its auditors warned that the need to refinance loans by 24 July cast "significant doubt" on the future of the group as a going concern.

http://news.bbc.co.uk/1/hi/business/8084182.st m

No wonder Barry went to City. Will the new stadium ever get built? Will Liverpool finish less than second next season with no money?

[Panic Button]

Manure aren't much better off!

Us Baggies may have been relegated, but at least we are solvent.

[paraffin]

The storm clouds are gathering even in the apparently money rich Premier League in England.

Mark my words, it will implode one of these days and even such giants as the big four will suffer as a result. Once the plug is pulled it'll become a torrent and some of the biggest names in world football will be brought back to earth with a tremendous thump.