FSG have reduced LFC debts by £200m

Liverpool’s debt has been reduced by £200m since Fenway Sports Group purchased the club less than four years, according to The Liverpool Echo.

John W. Henry and wife Linda Pizzuti. (Pic by David Rawcliffe/Propaganda)

Liverpool FC’s financial report for 2012/13 also reveals that the annual turnover increased by 9&%, up to £206.1m – despite the lack of Champions League football.

There is also a huge £36m commercial revenue increase and a slight increase in matchday revenue.

Net debt is now down to £45.1m – from £65.4m two years ago.

At one time, that figure – when adding in the holding company of previous owners Tom Hicks and George Gillett – was almost £400m, as explained by Swiss Ramble.

Managing director Ian Ayre told the official Liverpool website:

“These results demonstrate that the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch.

“Over the past four or five years, revenue has been consistently increasing from around £170 million in 2009 to over £200 million today – and external debt has decreased significantly to less than £50 million.

As reported in January, Liverpool are financially the highest placed side without Champions League football.

LFC 2013 Accounts Submitted to Companies House

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