Liverpool FC: Liverpool don’t need to sell despite £40.5m loss

Ian Ayre

Ian Ayre, Liverpool’s managing director has confirmed that there is no pressure on Liverpool Football club to sell their star players despite an increase in the club’s debts to £87.2 million.

Accounts released on Monday shows a rise in debt of £21.8 million during the ten-month period from August 1, 2011 to May 31, 2012.

Ayre told Sky Sports:

“We won’t be selling anyone because of the financial position.  If we are selling anyone, it will be because they are deemed by the manager to be surplus to his requirements and if that happens we will be replacing them and bringing new players in as we always do.  There’s no panic on our part. We feel that we are making progress and improving all the time.  Our aspiration for the next couple of years, as the rules will dictate, is to break even and then to make a profit beyond that.”

Andy Carroll(loan), Joe Cole, Dirk Kuyt and Maxi Rodriguez are some of the players that were transferred out in the last year due to their hefty pay packets at Anfield.  However Ayre has confirmed Liverpool won’t be selling players and confirmed will remain competitive in the transfer market.

The new Warrior kit deal worth £25million a year for six years isn’t included in the recent report.

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Cole set to leave Liverpool

Joe Cole

Looks like Joe Cole’s disappointing time at Anfield could soon be over after he has been told he is free to find another club.

West Ham appear to be the front runners for his signature and have started talks. Reports are he will be available on a free transfer, Liverpool will have to pay Joe Cole a settlement tho to cancel his current deal and get his £100,000 a week salary off the wage bill.

Joe Cole was signed from Chelsea on a free transfer in 2010. But after being sent off in his first match he never really settled in. He was then loaned to French club Lille last season.

Unfortunately Joe Cole will likely go down as one of Roy Hodgson’s most costly transfers due to his ridiculous wages he was receiving while hardly ever playing.