Liverpool - Notes in Accounts

There are some notes in the most recent accounts that need to be pointed out.

  1. The auditors make the following comment in regard to a 355m loan to Kop Holdings, of which 105m was directly for the club, that was due for re-negotiating in July 2009. Clearly the club did get through that date however that the auditors made this statement shows a high level of concern.
    "this ..... indicate the material uncertainty which may cast significant doubt on the company's ability to continue as a going concern"

  2. The club has already spent 23m on plans for the new stadium, and then delayed the construction date.

  3. The owners through another company based in the Cayman Islands has loaned Kop Holdings 58.2m. This Cayman Islands company can demand this money back at any time, with one proviso - the return of the money can not mean that Kop Holdings became insolvent. So that's reassuring.