Football clubs should not have to concern themselves with the financial instability of airlines, but this week’s news of the voluntary administration of ‘Bonza’ airline has caused unease in Merseyside. Reports indicate the club’s outstanding loans have surpassed £200m, with around £16m recently injected into day-to-day operations. Despite their recent success on the field, those managing the club’s finances are struggling to avert a financial crisis. Although April saw success in terms of on-pitch performance, ensuring the payment of players, staff, and builders is equally crucial.

There are conflicting reports about the possibility of administration, with some close to the club expressing confidence, while others with insight into the finances are less optimistic. The prospect of relegation and the loss of Premier League TV money is a major concern, despite certain mitigating factors such as recent financial injections. The club is seeking guidance on debt restructuring, highlighting the precariousness of their financial situation. The reliance on loans to sustain operations paints a concerning picture for a club of its stature.

The club’s debt, currently exceeding £330m, presents a serious challenge, exacerbated by unresolved issues with the potential sale of the club and outstanding debts related to the new stadium construction. The financial health of potential buyers is also a point of contention, further complicating the club’s future. The club’s financial battles could pose a significant obstacle, despite their success on the pitch.