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TTT: Liverpool’s Transfer Hangover

by Martin McLaughlin. NB. This is a direct follow on from the article Football and Finance, Liverpool and the Top 6 from September 2012. There is an explanation of much of the terminology at the beginning of that article and a familiarity with many of the themes raised in that article would be useful. At the start of the month the Liverpool accounts covering the year ending on May 31 2013 were released. This was supposed to be the year when all was well, FSG had slashed the wage bill, we’d break even and financial normality would finally return to Liverpool Football Club. Ahem, not exactly. Part 1 – No Longer Exceptional A loss of FIFTY MILLION, but how? Two and a half years of FSG-rule have led to cumulative losses of (deep breath) £140m. We’ve heard that the wage bill was slashed and Ian Ayre opens negotiations on transfers at £10 and a packet of crisps. It must be something else, something exceptional. Who did we fire this time? Please let it be Ian Ayre. No, no, he’s still here. It’s the stadium again isn’t it? Based on the above graph we can all rejoice. We’ve stopped sacking managers, we’ve stopped spending £60m on ghost stadium designs. We’re normal again. The annus horribilis that was 2010-2011 is clearly visible in the nearly £60m of exceptional costs which requires its own special stratospheric part of the cost scale. A tidy £10m was required for the Dalglish to Rodgers transition in 2011-2012, but we’re down to a virtually negligible £2m now. If it’s not something exceptional then what is it? Let’s get other costs (ie maintaining Anfield, offices, transport, hotels etc) out of the way first. I have previously mentioned that they tend to scale up in line with revenue and that continues to be the case. The 2012-2013 figure is 26% of revenue which is close to the 24% average. Nothing to see here. The rest of this analysis is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: “You Can Never Learn From the Things You Did Well”

By Peter Torehall (TTT Subscriber Toshack).  “The only way you can learn is from your mistakes. You can never learn from the things you did well. It’s impossible.” Johan Cruyff , The Blizzard When I was young in my first workplace, I gained some valuable insight into human psychology. I had made some bad decisions both at work and privately and was generally miserable. Then I learned to refer myself and my achievements (based on my bad decisions) by looking at my both hands. The one hand would represent me, the person, and the other hand would represent my achievements (good or bad). The mistake I made at the time was to think that the hands were always 100% connected or linked together, i.e. if I made a bad decision that would mean that I, the person, also was bad. Obviously that was not the case. I, the person, with my characteristics, soul, ethos and beliefs, was not changed by some single bad decision. Of course making a bad decision or two is not something to feel great about, but it helped me a lot to realise that I didn’t need to drag myself down, feeling bad about myself and my general life situation, because of one or two bad calls. I could instead start to look at the bad decisions as a way to help me improve myself, to gather experience that would later help me to steer clear of making the same mistakes again. “We were the kings and queens of promises We were the victims of ourselves” From “Kings and Queens” by 30 Seconds to Mars This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, 14th March 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section and the most active debate threads during the day. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, March 6th 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, March 5th 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, March 4th 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, March 3rd 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, 28th February 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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TTT: TTT Time, 27th February 2014

By Chris Rowland. Welcome to today’s daily digest, listing the day’s Liverpool FC news, the latest LFC transfer news, other major football news and also providing links to the best posts on the site’s debate section. This article is for Subscribers only. Member-only content – you need to subscribe to read it ! A subscription costs only £3.50 per month. Find out what you get with your subscription, or Subscribe now.

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