LFC have paid FSG £10 million back for Main Stand loan
The news this morning of the official Liverpool profits will have been great news to Reds fans, but not so great for those that have always aligned themselves against the clubs' owners.
But, with the latest accounts, comes news that the club has repaid £10 million of the loan given by FSG to pay for the work done on the Main Stand. The money was paid to FSG's UK holding company, UKSV Holdings Company Limited.
According to the Liverpool Echo, the repayment amount now stands at just under £100 million. It's not a great deal, but it's a start and proof that investment breeds success, which in turn breeds profit.
The proof is in the pudding, as further noted in the Echo, as since opening the new Main Stand has increased match day revenues from £62 to £81 million.
The increased profits from the Main Stand and the on field 'successes' of the last 18 months demonstrate that FSG and the management have got us going in the right direction.