George Gillett claims Liverpool’s finances in good health

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Liverpool co-owner George Gillett has tried to calm the storm of abuse being aimed at himself and business partner Tom Hicks by claiming the club are in a good position financially.

Gillett has made the claims in the week that he has completed the sale of his stake in ice hockey club, the Montreal Canadiens.

“The club is in outstanding shape,” Gillett said. “Economically, it’s never been stronger. We just paid down our debt very substantially. We have less debt per dollar than any club in the league.”

Gillett and Hicks have come under fire from Liverpool supporters after fears earlier in the summer regarding the state of the debt they owe the Royal Bank of Scotland and Wachovia.

Fans were also outraged at the apparent lack of transfer funds Rafa Benitez was given to sign new players over the summer, although reports this week suggested that he failed with a £19million bid for Simao Sabrosa could dispel this rumour.

On the new stadium, he added, “We were going to build an iconic stadium previously. The world economy has certainly suggested that that would be a good suggestion. But in the normal world, building a stadium in the 65,000 to 75,000 seat range – we would look forward to that.”

To mark the end of the 30-year wait for a league title, the ‘Liverpool Mishmash’ poster is available to order exclusively on This Is Anfield — the history of the Reds in one image!

Share on facebook
Share on twitter
Share on whatsapp
Share on email

Fan Comments