You can really only know where you are if you're well aware of where you've been. For Liverpool, celebrating five years of the Fenway Sports Group regime, it cuts both ways.
In early October 2010, the club were reeling under a gross debt well in excess of half a billion dollars. This was nearly twice Liverpool's total revenue at the time and meant that they spent close to $50 million in annual service charges. Put another way, it meant that almost one of every five dollars going into the club was going straight back out just to keep the debt from growing.