Liverpool’s 2010 financial carnage was not helped by poor players, hears NY court

Liverpool FC

By Paul Nicholson
March 4 – The five-year long New York court case following the sale of Liverpool Football Club to Fenway Sports Group revealed this week former owner George Gillett Jr is still paying £125,000 a month in debt repayments for a loan secured against the club, and that the new owners felt that due to the aging playing squad the £295 million price was in fact an overpayment for the asset.

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IMG to take Chinese Super League to the world

China Super League logo

By Paul Nicholson
March 3 – While international interest in China has generally been inward looking with big name players from Europe making big money transfers to Chinese clubs, the Chinese Super League (CSL) itself is also looking outward and has appointed IMG as the exclusive sales agent for its global TV rights outside of China.

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Liverpool still feeling the Suarez effect with £60m profit boost

Liverpool FC

By Paul Nicholson
March 3 – The legacy effect of Luis Suarez at Liverpool lives on with the club reporting a record a profit of £60 million for the year to end May 2015. Suarez, sold for an estimated £75 million to Barcelona in June 2014, gave the numbers a huge boost but the club insists that money has been reinvested in buying new players.

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