Hey Look, Financial Difficulties

While Real Madrid, Chelsea and Manchester Citeh appear to be unaffected by the economic crisis and are connected to just about everybody under the sun as possible transfers, other clubs have not been so lucky. Valencia and Liverpool, two clubs who are no stranger to financial controversy lately suffered another round of finanical embarrassments.

Valencia's well-documented financial struggles have claimed its president, Vicente Soriano. The President had been attempting to sell the land under the Mestalla Stadium to help finance the club's move to a new stadium. This will do nothing but stoke the transfer rumors regarding David Villa, David Silva, and Raul Albiol. Villa has been linked to Real, Chelsea, Citeh, Barcelona and comically, Liverpool. Silva and Albiol have been linked to more clubs because their transfer costs will be significantly less than Villa.

I say comically in regards to Liverpool, because it turns out the holding company of LFC has posted losses of £42m . Predictably, the British rags are claiming imminent financial doom for the Kop and the club sources are playing it cool. The truth probably lies somewhere in the middle. Hicks and Gillett have been attempting to refinance the £350m debt they hoisted on the club in its acquistion for some time having received a six-month extension earlier this year that expires in July.

Hicks has been attempting to sell some of his other sports interests and even defaulted on a loan payment for those interests in what is claimed to be a strategic decision. Indian and Middle Eastern interests have been linked to purchasing either the entire club or a portion thereof. Who knows if it will happen, but Reds fans would welcome either so long as it stabilizes the situation.

All of this turmoil certainly will not help Rafa Benitez's transfer policies. Rafa probably doesn't have much kitty at this point to acquire his targets and will need to sell assets to get what he wants. The same situation as last summer which caused the transfer sagas to draw out for the entire summer. Not a situation any party wants to recreate as it adds to stress and hampers the negotiation power of the club.

So, all in all, it is more of the same. Expect rumors of Valencia player transfers to fly all summer as the club tries to wring every last dollar out of them and Liverpool to struggle to complete transfers. Also, expect lots of clubs to be linked to acquiring Liverpool players because of the financial issues.

Fun times.