16-03-2006, 10:33 AM
|
#1 (permalink)
|
|
TS Member
Favourite Team:
Juventus
Morrison is
Offline
Join Date: Mar 2005
Posts: 2,342
vCash: 500
Rep Points: 207
Country: 
|
Parry: Morgan 'technically' right about club debt!!
http://www.koptalk.com/detail_subtit...p?link_id=1565
Quote:
Liverpool chief executive Rick Parry says Steve Morgan is "technically" correct when he says the club's actual debt is closer to £70million.
Speaking in an interview with the official site, the wallet said: "Yes, he is technically correct, but what was overlooked was that we have a corresponding asset on the balance sheet as well.
"When you use credit to buy players you're obviously offsetting the debt with the value of the players you're putting on the balance sheet.
"If we're spreading payments over a number of years then we still owe the money but it only gives part of the story."
|
|
|
|
|
Linear Mode
