Monday 4 March 2013 10:43, UK
Liverpool's debt has increased to £87.2million after they posted a loss of £40.5m in their annual accounts.
"We see a big charge within the accounts for amortisation (depreciation in value) of players that have been disposed of within the period that perhaps came in on a higher cost," added Ayre. "We've made losses as a result of selling them but at the same time we've improved our longer-term position in terms of our wage bill by reducing the wages for those particular contracts. "We've in the same period refinanced our lending facilities, which gives us ability for working capital to operate as a business." Since the end of the accounts reporting period, owners Fenway Sports Group have injected £46.8m into the club via a non interest-bearing inter-company loan while credit facilities were also refinanced with three major banks, providing £120m of facilities for three years.