Why am I not surprised reading about the leaked papers from LFC?
The documents concerned is apparently a prospectus published by investment banks Rothschild and Merrill Lynch which was released by Bloomberg News.
It reveals that the owners have capped the spending on new players and also any increase of wages to £20M. Oh, and it is for the next 5 years! This figure could only increase if there is an increase in the broadcasting revenue, something that does not happen often. Or if Rafa sells players to raise up funds.
The documents also revealed that the owners were seeking new loans to refinance existing loans and also almost increased the ticket price by 8%.
No wonder the fans are worried sick. Here were are with LFC ridden in huge debt as never before and a chance to become the new Leeds United if ever we do not qualify for the CL once. The sponsorship deal with Standard Chartered seems to have a clause that says we will only be paid if we qualify for the CL, or something like that.
Equally, fans are worried for how long more Rafa is going to take this before he decides enough is enough and leaves us. And of course, with that much funds available, how are we going to compete with the likes of the Mancs, Citeh or Chelsea.
It is difficult to remain optimistic at this time. Until someone megarich comes to rescue us, it is the worrisome lane all the way for us.