Liverpool’s Broughton Insists He Can Keep Torres

↵Liverpool has lost over £50 million this year, can not service their debts, have been forced to refinance loans, forcing auditors to question the club’s future as a Scottish bank asks for an ownership change, even if that means taking over the club.

↵But the good news is that Liverpool don’t need to sell players, if you’re to believe club chairman Martin Broughton.

↵↵Liverpool chairman Martin Broughton has dismissed suggestions Fernando Torres or Steven Gerrard will have to be sold to ease the club’s mounting debt.

↵Financial reports released for the first time show the club itself made an operating loss before tax of £16million in the year ending July 31 2009, down from a profit £10.2million profit in the previous 12 months. With their rivals sensing weakness there have already been reports of Chelsea preparing a £70million bid for Torres and Real Madrid considering a £35million offer for Gerrard.

↵“There is absolutely no reason to sell either Torres or Gerrard,” said Broughton, brought in last month by the co-owners to oversee the sale of the club.

↵“I don’t want to sell either of them. Rafa does not want to sell either of them, the club is not looking to sell them, “We don’t need to do it to pay off any debt.

↵“Torres is one of the great players and every club would love to have him. We have got him and there is no intention of selling him.”

↵↵It would make it more difficult to attract new investors were they told players like Fernando Torres and Steven Gerrard had to be sold. “You can have one of the world’s greatest clubs, but the affairs are in such shambles that you’ll have to sell off the meaningful talent.” Better to take the chance you can convince new investors otherwise, hence the public relations spin.

↵But coming off a year where the Reds accumulated over £50 million in debt while failing to qualify for the Champions League, it seems folly to suggest the club not cut payroll or seek large transfer fees.

↵Let’s hope Broughton’s just posturing; or, let’s hope Broughton knows something about in-coming investment that is current beyond the public’s vision, because the Reds’ ship is taking on water.

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↵For the sake of Liverpool supporters ...