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The fixtures for the forthcoming season are out tomorrow and as yet we've not seen any concrete transfer activity at Liverpool.

Rumours continue to circulate that Glen Johnson from Portsmouth is on his way to Anfield but after the issue with Gareth Barry I'll believe it when I actually see it I'm afraid. Barry had a last-minute ambition by-pass and joined Megabucks City so let's hope Johnson signs on the dotted line.

All football fans tend to finish the previous season and immediately pine for the next one, but the amount of games currently being played around the world and being televised here is helping keep the footy cravings at bay. The Confederations Cup coupled with the exploits of England's under- 21's are enough to keep most of us satisfied and her indoors threatening to unplug the telly.

Think what you will of Andrea Dossena's qualities as a player - and I know that there are those out there who will think very bad things - yet you can hardly find a fault in his attitude.

IN SIMPLER times, Kop Holdings might have referred to dubious practices outside The Grafton on a Friday night (as in "come on darlin', cop hold of this...").

But in these days when football and high-finance are as inseparable as Channel Five and bad programming, the object of scrutiny is more likely to be a set of accounts from a company of that name than a less-than-savoury member of the opposite sex.

The publication of the consolidated figures of Messrs Hicks and Gillett's holding company, which encompasses the fortunes of the commercial entity we know as LFC, brought with it predictable howls of anguish and outrage as the full extent of the loans heaped on the club through the 'leveraged' acquisition became clear.


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LIVERPOOL FC supporters union Spirit Of Shankly are asking the club's supporters to get involved in direct action against the club's American owners.

Recent publication of the club's finances showed the alarming scale of the debt placed on the club's holding company Kop Holdings by Tom Hicks and George Gillett with the club's Auditors commenting on "the existence of a material uncertainty which may cast significant doubt on the Group's and parent company's ability to continue as a going concern".

Wikipedia states that "The Keystone Cops was a series of silent film comedies about a totally incompetent group of policemen". We can use a few of the same words to describe the current regime at Liverpool Football Club. Hicks and Gillett, our very own Keystone Kops are certainly mostly silent and on the face of it, totally incompetent. Whether we can describe what is going on at Anfield as "comedy" is open to debate. Certainly, it seems the rest of the football world is having a good laugh at our expense.

Liverpool FC have reported a record turnover of just over £159M but sat behind LFC there are two further companies, Kop Football Holdings which controls the club and Kop Football ( Cayman ) Limited which owns Kop Football Holdings. Clear? The major problem we have seems to be that the club itself is not generating sufficient cash to pay both the interest on the loans and provide money for players.

Bit of a problem that you might think.

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