11 Jul 2020 04:13:08
Hi Ed's, regarding the financial situation at Liverpool you have often stated that there is little/ no money to be spent this summer. Why is this, as with all the success we have enjoyed there must be money to spend? Is this down to the owners, as FFP permit us to be able to spend as the stadium and training facilities are not covered in costs. Appreciate my knowledge may be patchy but just wondered how other clubs can consistently spend so much - namely Man City, despite having what should be less revenue. Cheers.

{Ed002's Note - I have explained this on many occasions. Liverpool's financial model relies on end of season payments to survive - there are payments rolled on from year to year for transfers and new payments accrued for the stadium, the new training complex, repaying television companies for their losses etc.. Coupled with the lack of revenue since March and wages etc. still needing to be paid, the result is that there is no surplus money. I have made this very clear on a number of occasions. The Liverpool Chief Executive has also explained this. The same is true for other clubs - Spurs have a payment to be made on their new stadium.}

11 Jul 2020 09:58:27
Thanks for the explanation Eds, honestly, I feel that's such a risky strategy to have!

11 Jul 2020 10:31:47
Excuse my ignorance, but is this nothing to do with the owners? You can cover expresses of training facilities and stadiums with owners money in correspondence to FFP, and not get in trouble. Maybe I am wrong but surely the owners could pay off some of the costs and perk other money to use for transfers. Sorry if I am wrong just know that you will have the answer.
Keep up the good work.

{Ed002's Note - Why are you trying to make it about FFP? That is not the issue.}

11 Jul 2020 13:05:24
What is then, surely the owners could invest more if that isn’t the issue?

{Ed002's Note - The club has to balance the books like all clubs do. It is not a charity for the owners to throw money at - then it becomes an FFP issue.}

11 Jul 2020 13:50:39
FFP was actually set up to prevent owners from just throwing money at their clubs charitably, to bail them out of situations such as the one LFC and many other clubs find themselves in at the moment.