Liverpool F.C. balance sheet 1907-08


June 6, 1908
The Liverpool Club’s balance-sheet duly materialised on Wednesday, and the figures published in this issue are sufficiently full and interesting in themselves to require few remarks of mine. That a balance, less mortgages, of £1,693 should accrue on last season is, I consider, satisfactory, especially as through various causes some of the anticipated “fattest” gates turned out to be of the semi-lean order, and that the interest in the League race was never a keen one from a local point of view.

The directors recommend a five per cent dividend.

The general meeting will be held next Wednesday evening. The retiring directors are Messrs. John Asbury, jun., Edwin Berry, and John McKenna, and each offers himself for re-election. Those also nominated are Messrs. George Bailey, John Bond, and John Keating. At a meeting of  the directors it was resolved to issue a further 2,188 shares, to bring up the share capital of the company to £10,000.

Now that Liverpool football lovers have a splendidly equipped ground, two things remain to be done ere the hard-working management can really breathe freely, and that is – the Liverpool players must serve up the best of football, and the Liverpool public must turn up at Anfield in their twenties of thousands, to thereby hurry on the work of reducing the club’s liabilities to vanishing point.

The balance-sheet: –
lfc-1908-balance-sheet-1 lfc-1908-balance-sheet-2 lfc-1908-balance-sheet-3 lfc-1908-balance-sheet-4 lfc-1908-balance-sheet-5

(Source: Cricket and Football Field: June 6, 1908; via http://www.britishnewspaperarchive.co.uk) © 2018 Findmypast Newspaper Archive Limited

In the report and balance sheet of the Liverpool Football Club and Athletic Grounds Company, Ltd., for the year ended April 30th last, the directors recommend a dividend of 5 per cent per annum.

The report states that Mr. A.T. Parr, having resigned as a director, the Board appointed Dr. A.W. German, of 296, Kensington, in his stead; and the retiring directors, Messrs. John Asbury jun., Edwin Berry, and John McKenna, offer themselves for re-election; while the following have also been nominated: Messrs. George Bailey, John Bond, and John Keating.

At a meeting of the directors, held on the 27th ult., it was resolved to issue a further 2,198 shares so as to bring up the share capital of the company to £10,000.

The balance sheet shows assets £38,784. On the other side of the account subscribed capital amounts to £7,795; reserve to £1,534; mortgages, debentures, and interest to £18,106; sundry creditors, £4,039; carried forward is £5,311, against £5,017 last year.
(Source: Lancashire Evening Post: June 3, 1908)

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Liverpool’s finances

Not long ago there was a possibility of the Liverpool Association Football Club becoming a name of the past, but fortunately monetary difficulties were overcome, and now New Anfield is one of the most up-to-date grounds in the country, and the leasehold is in the name of the club.

No doubt that some day, with the assistance of the wage-limit rule, the mortgage will be cleared, by which time the value of the land will be greatly enhanced.

The Liverpool directors are sportsmen, financiers, and good fellows withal, and in view of the fact that the grandstands were only completed last season, it would have been a gracious act had the shareholders re-elected the retiring directors, Messrs. John Asbury, Edwin Berry, and John McKenna, without having to go to the vote.

As it is, there are three other aspirants, presuming they do not withdraw at the meeting. A further issue of 2,198 shares will be made to bring up the share capital to £10,000, and no doubt these will be readily taken up. On the past year’s working, there was a working profit of £1,693 11s. 11d., but mortgage interest etc., brought down the actual profit to £672 18s. 2d., which may be considered fairly satisfactory.

The total receipts were £12,173 6s., the actual receipts from home matches being £10,153 9s. 7d. The small amount from season tickets, £197 16s. is explained by the fact that the shareholders’ privileges are great at Anfield.

Players’ wages amounted to £5,162, which was practically half the expenditure, the other items being on very liberal lines, though we fail to find any charge for transfer fees.
(Source: Athletic News: June 8, 1908)

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