Liverpool - Notes in Accounts
There are some notes in the most recent accounts that need to be pointed out.
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"
The club has already spent £23m on plans for the new stadium, and then delayed the construction date.
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.