Sunday, June 7, 2009

Finally Some Good News about Transfer Funds

Liverpool claim they can outspend anyone but Chelsea

A Liverpool "source" has responded bullishly to The Sunday Times, following days of reports that the Merseyside giants were facing financial meltdown after the publication of the losses sustained by Kop Football Ltd.

A senior "Liverpool source" has told The Sunday Times that "We have more spare cash to spend than any club except Chelsea." (There is no mention of Manchester City in the article.)

The "source" adds that Liverpool's transfer budget this summer will be a minimum of 20 million pounds plus sales and that manager Rafael Benitez "is free to exceed it" if he can "make a convincing case."

According to the The Sunday Times article Liverpool are not constrained financially like Arsenal and Manchester United who are more indebted to banks and institutions.

The Sunday Times "source" also says that Liverpool manager Rafa Benitez is "an amazing guy who knows he has a healthy transfer budget to augment one of the world’s strongest squads."

Finally, the "source" claims that American owners Tom Hicks and George Gillett "want to remain at Liverpool, ideally in partnership with a new investor — yet to be found — with deep pockets to help fund the stadium."

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