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In virtually every recent article, I've read Liverpool FC is in debt. Nothing could be further from the truth. Being "in debt" means that your debts exceed your assets. We are carrying debt that is being comfortably serviced by our cash flow. We have a squad that is worth at current transfer values at least three times the net cost of what it took to put it together, and as a business, we are profitable and cash flow positive. Add to that the unrealized potential of a 70,000 capacity stadium that we can sell out with no problems, and the prospect (supported by the recent shirt deal and the impending naming rights deal) of becoming the biggest brand in the game. It makes sense to manage debt prudently - how many of us could live without a mortgage? - and that is what the club is doing. But we are a long way from having debt problems as many in the Press would have us believe.
