Liverpool announce huge losses

Last updated : 07 May 2010 By BBC

The loss was 34% worse than 2008's figure as £40.1m went on servicing the club's £351.4m debt to Royal Bank of Scotland and US firm Wachovia.

Pay-offs to senior staff, including former chief executive Rick Parry, accounted for a further £4.3m.

BBC Sport understands that Parry's severance package was £3m.

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