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Here is a look at how #LFCFinances have evolved in a transformational decade under FSG incl. significant organic cash generation, reduced financial leverage and how COVID19 could impact (1 of 10)
![Tastenkappe Ziffer 1 1⃣](https://abs.twimg.com/emoji/v2/72x72/31-20e3.png)
#LFCFinances
![Tastenkappe Ziffer 2 2⃣](https://abs.twimg.com/emoji/v2/72x72/32-20e3.png)
#LFCFinances
![Tastenkappe Ziffer 3 3⃣](https://abs.twimg.com/emoji/v2/72x72/33-20e3.png)
Capital Expenditure ran at £2-7m per annum between 2010-2014 but increased over 2015/16/17 to £40-50m to increase the capacity of Anfield
#LFCFinances
![Tastenkappe Ziffer 4 4⃣](https://abs.twimg.com/emoji/v2/72x72/34-20e3.png)
In term of cashflow #LFC has run an annual deficit in each year (between £11-59m) over 2010-19 between payments & receipts - cumulative impact is an outflow of £407m.
#LFCFinances
![Tastenkappe Ziffer 5 5⃣](https://abs.twimg.com/emoji/v2/72x72/35-20e3.png)
With revenue still in early growth, over 2013 & 2014, net transfer spend of negative £98m across these 2 years exceeded Operating Cashflow (after Capex spend) of £67m by £31m. The Shareholder loan doubled from £42m to £89m to fill this gap
#LFCFinances
![Tastenkappe Ziffer 6 6⃣](https://abs.twimg.com/emoji/v2/72x72/36-20e3.png)
The Shareholder loan increased to £130m by 2017 to help fund the stadium expansion. This has since reduced to £79m and "maybe" with intention to reduce to c.£50m in line with bank debt levels and similar to SH Loan in 2011/12
#LFCFinances
![Tastenkappe Ziffer 7 7⃣](https://abs.twimg.com/emoji/v2/72x72/37-20e3.png)
Rose to a high of £73m in 2017 as part of the expansion. But typically, bank debt is kept stable at £50m. However, bank debt as a % of Total Assets has fallen from 50-60% over 2010-14 to 42% in 2017 to 17% in 2019 (leverage has reduced substantially)
#LFCFinances
![Tastenkappe Ziffer 8 8⃣](https://abs.twimg.com/emoji/v2/72x72/38-20e3.png)
#LFC could generate £100m in free cashflow (after capex) to May20 and required to finance (A) the gap between sales and purchases (was negative £59m in 2019) and (B) SH and bank loans. Finances should be resilient heading into COVID
#LFCFinances
![Tastenkappe Ziffer 9 9⃣](https://abs.twimg.com/emoji/v2/72x72/39-20e3.png)
#LFC have some visibility on cash inflow from TV deals and Sponsorship and outflow on player contracts.
#LFC generated Operating Cashflow of £129m in 2019. Match day revenue generated £84m in 2019. Without fans the finances still look ok
#LFCFinances
![Taste 10 🔟](https://abs.twimg.com/emoji/v2/72x72/1f51f.png)
![Fettes weißes Häkchen ✅](https://abs.twimg.com/emoji/v2/72x72/2705.png)
![Fettes weißes Häkchen ✅](https://abs.twimg.com/emoji/v2/72x72/2705.png)
![Fettes weißes Häkchen ✅](https://abs.twimg.com/emoji/v2/72x72/2705.png)
![Rotes Fragezeichen-Symbol ❓](https://abs.twimg.com/emoji/v2/72x72/2753.png)
#LFCFinances