Ayre excited by ‘new era’ at Anfield

LIVERPOOL managing director Ian Ayre believes losses like the £20 million (€22.5m) reported by the club in their latest set of accounts can now confidently be consigned to a different era.

The figures for the year ending July 2010 are the final vestige of the financially-restricted reign of Tom Hicks and George Gillett.

Having made a profit of £8.3m (€9.3m) the previous year, the results for the 12 months ending last July made worrying reading.