Liverpool has to pay out interest on loans taken out for various purposes. Liverpool have an added complication compared to many other clubs in that the company set up to buy them has borrowed money to do that.
The graph below shows that the club had been paying out under £2m a year in interest payments up to 2006. By 2008 the club was payign £9m a year, and the Kop Holdings company was paying £35m.
This should be compared to someone like Everton or Spurs who paid interest of roughly £4m in 2008.
It is difficult to make a good story out of the debt and interest payments the club have. That the club then have a bad year in the Champions League, and are struggling to qualify for next year's competition is potentially disastrous.
