Liverpool spent £10m sacking former manager Kenny Dalglish
Dalglish was replaced by Brendan Rodgers
Monday 04 March 2013
Liverpool's dismissal of Kenny Dalglish as manager cost the club nearly £10m, new accounts reveal.
They paid £9.6m in termination payments in the 10 months to June last year. The club also lost a total of £40.5m in that period and net debt rose by £22m to £87m.
However, despite a wage bill that equates to £131m over a full year, the managing director, Ian Ayre, claimed the figures represent a transitional period and "a new transfer strategy" is in place.
He said: "This shows in players like Jose Enrique and Sebastian Coates. We will continue to invest in players and have a better structure in deals with them."
Latest in Sport
Lionel Messi vs Cristiano Ronaldo: Compare the Barcelona and Real Madrid players in El Clasico
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo
Tim Sherwood: The mavericks have always needed special handling – but Balotelli is not delivering his side of the bargain for Liverpool
Manchester United vs Chelsea: Modesty of Louis van Gaal makes nice contrast with his old pupil Jose Mourinho
Rio Ferdinand retirement: QPR defender announces he will end career next summer
- 1 Revolutionary lost Caravaggio painting 'Mary Magdalen in Ecstasy' identified
- 2 McKamey Manor: This 'extreme' haunted house is the stuff of nightmares
- 3 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 4 Watch what happened when food critics were unknowingly served McDonald's
- 5 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
Poppy Appeal 2014: This is why I won't be wearing a red poppy this year