First set of accounts pile pressure on Liverpool’s warring owners

More than 300 Liverpool fans spent yesterday posting eviction notices at
Anfield, demanding repossession of the club, and the pressure on Tom Hicks
and George Gillett Jr, the warring American owners, will increase with the
publication of their first set of accounts.

Kop Football (Holdings) Ltd, one of the club's parent companies, made a £33
million loss in the year ending July 31, 2007, according to accounts
submitted to Companies House last week. The club's £350 million loans will
also have to be refinanced as early as January and the club must pay
interest on a £64 million loan from Kop Football Ltd, its immediate parent
company.

The accounts reveal that the owners wrote off £10.3 million when they
scrapped the club's design for a new stadium after their takeover in
February 2007 and Liverpool fans will be irked to learn that the co-owners
claimed more than £1.4 million in expenses in the seven-month period
concerned.

http://www.timesonline.co.uk/tol/sport/football/premier_league/liverpool/article4092788.ece