Benitez not as broke as feared
-
Liverpool boss Benitez facing £20M spending cap for next five years
Liverpool boss Rafa Benitez is facing a £20 million spending cap for the next five years, it has been revealed.
The Independent says Benitez's struggle to keep pace with the Premier League elite is revealed in documents which suggest Liverpool's net summer spending will be locked at £20m until 2014 – a figure which will also include wage increases accruing from contract renewals.
The figures, which suggest the manager must continue to sell before he can buy, are contained in a prospectus published in March by investment banks Rothschild and Merrill Lynch to attract potential investors in the club.
The section of the Rothschild/Merrill Lynch document relating to "player transfer payments" states: "Management believes that the normalised long-run level of new net player capital expenditure is £20m." The accompanying data suggests "long run" means the next five years. This figure "will grow together with increases in media broadcasting revenues," the bankers promise. Though revenues from British broadcasters are expected to drop, overseas rights should grow before 2014.
-
this is worst than chelsea 2 season ban
-
sign good and cheap youngsters or by installment loh....
TBH, liverpool squad quite okay already... just spend 20m on quality player without selling and they would do good -
the poor liverpool will always be a poor club,nice for all beggars,fans also arrogant beggars.indeed!!!!
-
Benitez not as broke as feared
IN THE MONEY ... Rafa Benitez
RAFA BENITEZ is confident Liverpool's financial outlook is not as bleak as a leaked report suggests.
Investment bankers Rothschild and Merrill Lynch hinted that the Kop boss would have just £20million to spend each summer until 2014.
But their report was sent out in March - since when Liverpool have signed an £80m sponsorship deal with Standard Bank and co-owners Tom Hicks and George Gillett have refinanced their £290m debt.
The club are happy that Benitez will have a sizeable kitty in future transfer windows.
He splashed £35.5m on Alberto Aquilani and Glen Johnson in the summer - although Aquilani has not played since his £18m move from Roma because of an ankle injury.
Benitez is targeting the October 17 trip to Sunderland for the Italian midfielder's debut.
-
He splashed £35.5m but he sold Alonso & Arbeloa for approx £34m?
-
even if got $_$, he also wont spend it wisely de
-
tell him to dip into e academy lah..