A good week for Liverpool just got better. FSG have agreed to fan representation on the board following talks with Spirit of Shankly. . The owners have also vowed to cover the costs of the Super League debacle rather than burden the club with them. #LFC - James Pearce
Liverpool have the second highest payroll in the Premier League. Liverpool wage bill major factor in lack of signings after reveal - Phillips (footballinsider247.com)
Still rough to be at that level. Going to prevent the club from doing a lot of things like competing for the next big transfer. Salah yet to get his big extension as well...
the club were interested in offloading a few players this summer so there may be wage bill reductions coming in the not-too-far future. and a number of our first team squad are at or near their peak earning years.
Shaq, Origi, Mina aren't exactly on massive wages. Milner, he's on good wages. Matip might be up there.
I know, our wage bill is quite high as it contains incentives which would have been triggered. But actually paying more than Chelsea and Man U at the end of the day IS indeed surprising .
FSG purchase of the Penguins announced today. https://ca.sports.yahoo.com/news/pe...-sports-group-for-around-900-m-152512757.html
Overall they've done very well, no question. But more specifically, investment in the squad has been mediocre at best for a couple years in a row now.
Covid's hit on PL and Euro clubs.... we have done remarkably well. https://www.liverpoolecho.co.uk/spo...-liverpool-financial-results-compare-23205592 Liverpool posted their accounts for the 2020/21 period on Friday, financials that showed a pre-tax loss of £4.8m and revenues dipping by £3m to £487m, with matchday revenues slumping 95 per cent from £70m to £3m due to the ban on fans attending games for nearly all of last season. That £4.8m loss comes on the back of a £46m pre-tax loss that was posted for 2019/20, taking the overall loss during the pandemic to £50.8m. When compared with how their rivals have fared it has been a minor miracle. Manchester City trumpeted their ability to be one of the few clubs to turn a profit as they registered a positive £2.4m pre-tax profit. Champions League success aided their efforts, as did the healthy commercial partnerships that arrive from the United Arab Emirates, but the profit did little to wipe away the overall impact on the business over the past two years, with losses of £123.6m overall. Manchester United are another to have struggled. United's 2019/20 loss stood at £23.2m, around half of Liverpool's, but their 2020/21 pre-tax losses came in at £92.2m, taking their combined losses to £115.4m. Tottenham Hotspur were hit particularly hard due to the shuttering of stadiums having only opened their state of the art new home a year before the pandemic. The Tottenham Hotspur Stadium was due to be a game changer for Spurs, but with the ability to monetise it in the way they had planned, allied with poor performance on the pitch, it has become one of the main reasons for their financial struggles during the pandemic. Spurs posted losses of £68m in 2019/20, a figure that jumped to £80.2m in their most recent set of financial results. That takes their combined pandemic losses to £148.2m. Chelsea are another to have posted poor results. The poorest in the Premier League so far, in fact. Their most recent accounts for 2020/21 showed a £145.6m loss to take them to a combined £156m over the two years.
Man City. Come on. Nothing to see here. Move along. These are not the outright corrupt deals you are looking for.
FSG does a very very professional job with these deals. the financial base for the club seems very strong at this point. long may it continue.
I went to try to explain as I think I do understand NFTs. But 4 paragraphs in, I was reminded of Einstein’s maxim, “If you can't explain it simply, you don't understand it well enough”.
What's in a name? NFT is an acronym for "Non Fungible Token". That's all I really needed to know about these things.
I'll take a stab at it... NFTs are supposed to be the electronic equivalent of "signed and certified" piece of artwork. Say you have a "real" Ansel Adams photograph, it will have his signature on it, and since many of these photographs were made made into multiple individual prints, it will have a number associated with it (say 15/1500 - meaning it was the 15th print of 1500 made). There may be many reproductions of that famous Ansel Adams photograph out there as images in a picture book, or as posters, or on websites, etc., but unless they are "signed prints" they are not worth much at all. The NFT is supposed to provide the equivalent of that "signed and certified" status to an electronic file.