It wasn't until last week that the Oldham Echo finally confirmed what most other national media outlets have long said about the finances at Liverpool Football Club. Indeed, some comments on the Echo website made that point in no uncertain terms. David Conn, whose work on the general subject of football clubs' finances has been exemplary, & who was one of the first journalists to notice the black hole that Hicks & Gillett had created in the Anfield accounts, took a cold, hard look at each Premier League club in today's Guardian (http://www.guardian.co.uk/football/2010/may/19/premier-league-finances ).
Conn had a one-word description for Liverpool's position, "Appalling."
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