Steve Morgan Reveals Liverpool FC Debt-Free Plan
Wolverhampton Wanderers owner Steve Morgan has claimed that Liverpool would have been debt-free if
he had taken over the club.
The business magnate owned a 5% stake in the Reds before chairman David Moores agreed a leveraged
buyout with George Gillett and Tom Hicks in 2007.
As a result of the Americans' reign, Liverpool have debts of £237 million with interest payments
believed to currently stand at £30 million per annum - something which Redrow owner Morgan claims
would never have happened if his 2004 takeover bid had been accepted by the Anfield board.
Anfield Talk @ Feb 15, 2010 12:06 PM EDT | Blog Profile
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