Tom Hicks, May 2010:
“We have no intention of selling any of our top players and we have a substantial transfer budget in place”.
“There’s so much misinformation about transfer spending. It’s more than doubled under the ownership of George and myself from the previous three years and we will make a significant investment this summer. It’s really about getting the right players.”
Really, Tom? Let’s see.
In -
Maxi Rodriguez: £0
Jovanovic: £0
Shelvey: £1.75m
Sterling: £1.5m (estimated)
Out -
Dossena: £4.7m
Voronin: £1.8m
Mihaylov: £1.5m
Benayoun: £5.5m
San Jose: £2.6m
Insua: £5.0m
Net transfer spend, 2010: minus £17.85m.
No. of days debt covered: 162.
Our definitions of “a substantial transfer budget” obviously differ from Tom’s. We’ll see how much Roy Hodgson gets to invest in the side. But note – that figure covers 162 days’ worth of debt interest… which is effectively money down a black hole (or navy blue if you prefer, RBS).
Thanks to JP-65 on RAWK for idea and initial figures 
.
Do we know how much we payed out for Raheem Sterling? As those figures are missing from the total and I wouldn’t be surprised if it was around the million mark.
Fair point. Maddocks in the Mirror: “his fee will rise to at least £2million and could even go beyond the £5million mark”. I’m not going to put it at £5m as clearly that has a lot of conditions in it. It’s also clear (assuming Maddocks has been well informed by his “forward thinking” friend Purslow) that it is less than £2m upfront. I’m tempted to add it at £1.5m, I think it’s probably closer to £1m upfront, but don’t want to completely ignore the add-ons.
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It’s really amazing, Before them two arrived our transfer budget was what, £15-16m? Not a lot, but we were only around £40m in debt right? I can’t remember the exact figure but I think our transfer budget last season was around -£9m and it keeps getting lower. We are having to sell players to pay the debt, and our debt is now £350m. How the … See morefuck does that happen? Well, we all know how, most of the money is going into the pockets of H&G and to pay off the interest. In fact, they haven’t put any of their own money into the club whatsoever! When they bought the club, they took out a massive loan to cover the cost. When spending around 60m on 3 sets of plans for New Anfield, they took out a loan; and they have put all the debt, all the burden on our club, the robbing bastards! When, and if, they sell the club, that will be another massive payday for them, and the didn’t have to lift a finger or spend a penny to get it! Who the fuck do they think they are!
Financial year jiggery pokery (add-ons and signing-on fees not included beyond those covered in y/e 09 accounts):
In 09/10 we spent:
£19.65 million on new players (Aquilani – well most of him, £4.5m is due 10/11; the Greek, Shelvey and Wilson assumed to be fully paid for in 09/10)
£35.504 million on players previously signed
£1.069 million of add-ons
Total = £56.223 million
We’ve got back at least:
£44.6 million for players sold (assuming Alonso, Voronin, Doss, Yossi and Riera were paid for in full in 09/10)
£22.126 million for players previously sold
£1.616 million of add-ons
Total = £66.342 million
Overall total = £10.119 million ‘profit’ (we’ve run profits in the previous two seasons as well).
In 10/11 so far:
Spent on new players: £4.55m (one of Poulsen’s two installments for a total of £4.5m included and Jones@£2.3m included in full)
Spent on existing players: £16.16m
Total spent = £20.71m
Received from previous sales: £1.854m
Total received = £1.854m
Overall Total = £18.856 million spent
For 11/12:
Spent on existing players: £2.25m
Total spent = £2.25m
Overall Total = £2.25m spent
We’ll be selling again soon one would imagine.