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Struggling Liverpool sees debt jump to US$130 mil.

AP
March 6, 2013, 12:34 am TWN

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Liverpool owners have been hit by a set of “painful” financial results that highlight the cost of investing heavily in players who have failed to re-establish the club as a force in England or Europe.

The debt at Liverpool was revealed Monday to have risen by a third to 87.2 million pounds (about US$131 million), while losses of 40.5 million pounds (about US$61 million) were accrued during the 2011-12 season.

There's little prospect of Liverpool reaping riches from the Champions League next season, however, as the team languishes in seventh place in Premier League, outside of the top four qualification places.

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