"Must you tell me all your secrets when it's hard enough to love you knowing nothing."
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strange statement released today by one of liverpool fc co-ownwers
seems like he is blaming benitiz for failing to progress liverpool.surely this is bound to p**s off benitiz and cant be good for liverpool fc..
George Gillett defends Liverpool FC investment09:45, Oct 6 2009
Liverpool co-owner George Gillett has defended the investment levels of the current regime and suggested fans should look to manager Rafael Benitez, rather than the club's owners, if the Reds are failing to progress.
Last weekend's 2-0 loss at Chelsea was the Reds' third defeat of the campaign - more than they suffered in the whole of last season - while they also lost against Fiorentina in the Champions League last week.
But Gillett has defended the record of himself and co-owner Tom Hicks according to reports in the Times and the Daily Telegraph. "We have invested more money than our competitors, in keeping with the history of the club," Gillett is quoted as telling a representative of the fans' group Spirit of Shankly prior to Liverpool's 6-1 win over Hull last week.
"In the last 18 months, we have invested £128m on top of what has come in. That means it should be getting better.
"Now if it's not getting better, it's not Gillett and Hicks, it's the manager, it's the scouting. You have to make sure you balance out your analysis.
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"There was plenty of money, so if you have any complaints, take a look at the ins and outs."
Gillett also added that the £30million fee recouped from Xabi Alonso's move to Real Madrid "went straight back" into the club's transfer budget, which was already set at "£22-23m as part of our budgets".
Gillett added: "The club is in extraordinarily good financial condition. Far better than Manchester United, Chelsea or Arsenal.
"We have invested massively, we have put more money in than anyone other than Manchester City, with the craziness they have got."
" football is a simple game "
Wonder if we won our last 2 games would the same articles be printed considering the interview took place about 10 days ago!!!
Gillette made those comments on the back of a 4/5 game winning run...pity the media wont mention that part.
Typical media bolloox.
It was never given to the press its just lazy hacks taken it from forums.The reason its only emerging now is, the chap who met him said as he was going off memory he only got to type up the full transcript and posted it last saturday, wether we'd won the last 2 games or not, its only emerging now, note how that Coward John Thompson at the Echo has'nt printed it.
George Gillett. A billionaire (apparently). Fifty percent owner of Liverpool Football Club. A man who never has and never will understand what Liverpool Football Club is all about, no matter how much he has or hasn't got sitting in the bank. His recent impromptu meeting with a Spirit Of Shankly member prior to the Hull City game, further underlines, just how much he doesn't get it, and how out of touch he is. Whilst fans keep themselves updated with the on going turmoil behind the scenes, Gillett thinks fans are oblivious to all he and his partner Tom Hicks have done, and are gullible to believe his words. In his recent meeting, as is usual for George Gillett, he made a number of claims which simply aren't true, managed to contradict himself in the same meeting, and with what appears to be his favourite past-time, undermined the position of manager at Liverpool Football Club. Here are some of the things he had to say:
Debt on the club
George Gillett: “The club had £40-80m debt when we bought it, but no earnings." “The debt on the club today is very sound".
The auditors of LFC's accounts have a different opinion: “These conditions, along with other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt on the Group's and parent company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group and parent company were unable to continue as a going concern." http://www.spiritofshankly.com/news/...-Accounts.html
Christian Purslow recently told us that the debt stands at £245 million. £40 million to £245 million in the space of less than 3 years. Doesn't sound very sound to me George. http://www.spiritofshankly.com/news/...g-Minutes.html
Stadium
George Gillett: “Whether you see the value is a different issue. Where have we lied? Where’s the lie, for Christ’s sake? In those 60 days, what happened to the world? I didn’t say that. Hicks was the one who said. 60 days? Bulls**t. That was not me. It’s wrong. I have never talked about that. I think that what happened was that Hicks was convinced we were going to start to move dirt on the foundations within a 60-day period. In the period of time, the world credit market collapsed and he had big egg on his face, not living up to what we said. I don’t talk about absolute dates when we’re talking about credit markets.”
No George. Tom didn't say it. You did. Look
George Gillett claims the credit crunch happened in the 60 days from buying the club. He then goes onto claim “When we bought the club it was with our own money. Cash. A year and a half later, when the credit crisis hit we each put our portion of the club up as collateral for a loan to go into the club and refinance the business.”
So when did the credit crunch start George, within 60 days or a year and a half later?
When talking about paying for a stadium, Gillett said the following “You want a bigger stadium and if we could figure how to do it I would have done it yesterday. Not going to use our own capital because that is not the way a smart investment occurs for this club.” He said the following back in January 2009 "He claimed they had spent £100m on the stadium so far and were still working with designers, architects and planners.
"I asked why they were spending the club's money on this and he claimed it was coming from himself and Tom Hicks and not the club.”
http://www.spiritofshankly.com/news/...uary-2009.html
Expenses
When quizzed about his expenses, George Gillett claimed "The money taken out is for the benefit of the club, not the detriment.” Obviously the £1.327 million claimed by Gillett has benefitted us greatly. Or more likely, paid for his travel, his security, his expenses, his bills for buying the club. http://www.spiritofshankly.com/docum...ut_leaflet.pdf
Transfers
George Gillett :“We have put £128 million in to buy players on top of what’s come in in the last 18 months.”
Using figures from LFChistory.net, LFC have spent approximately £100 million on transfers in the past 18 months. From player sales, they have recouped approximately £80 million. A net spend of around £20 million. Where's the other £100 million George?
You were right about 2 things in the meeting though. We don't like you. And we certainly don't trust you.
You're not welcome here. So do us all a favour - sell the club and don't come back.
YANK LIAR$ OUT
Have I just wandered into rawk?
What are good Liverpool forums with sensible discussion?
Not too fond of Red and White Kop, seems to be full of idiots
Gerrard & Torres out for Liverpool
Thankfully I got rid of the two of em from my Fantasy team before the Chelsea match!!
99 Red balloons...Or just one even.
Upwards to the vanguard where the pressure is too high.
Rafa Benitez in playing youth team player shocker!!!
Liverpool beaten by a beach ball thrown on the pitch by Cantona??![]()
Cue - idiocy on blogs et al threatening the poor sod
DB Cooper is alive !
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