Source: FOOTYMAD
Liverpool announce huge losses
Liverpool's parent company posted a huge loss of £54.9m for the year ended on 31 July 2009 as debt interest payments and severance costs hit hard. The loss was 34% worse than 2008's figure as £40.1m went on servicing the club's £351.4m debt to Royal Bank of Scotland and US firm Wachovia. Pay-offs to senior staff, including former chief executive Rick Parry, accounted for a further £4.3m. BBC Sport understands that Parry's severance package was £3m. Join LFC Online on Facebook
