Liverpool are planning to strengthen their squad this summer after posting a £39 million profit.
Accounts for the year ending May 2017 revealed that the Reds benefited from the Premier League’s new TV deal which rose media revenues to £154m – a £30m increase.
Commercial revenue increased by £20m to £136m while Anfield’s first season with a new Main Stand saw match day profits rise significantly to £74m – a £12m boost on the previous year.
Andy Hughes, Liverpool’s chief operating officer, said: “Performance on the pitch and the reinvestment in our squad is always a priority and following the club’s record signing last month we will look to invest again in the summer.
“Progress on and off the pitch is critical to the growth of this football club – we all want success and everything we’re doing is geared toward fulfilling our football ambitions.”
“These results are approaching a year old. Further progress and reinvestments have continued to be made both on and off the pitch,” added Hughes.
“Our recent capital projects which include the Main Stand, the new retail store, the combined training ground and the new pitch at Anfield will be close to £200m which further demonstrates the commitment from this ownership.
“We continue to work up design, capacity and economic viability options for Anfield Road working with an architect to help with that process.
“This follows the same comprehensive process we followed with the Main Stand expansion.
“We must also continue to manage our finances and cash flow effectively that we have worked so very hard to secure since FSG (Fenway Sports Group) took charge of the club.
“With the full support of this ownership group, we have significantly improved the club’s financial position over the past seven years and these results further demonstrate our solid financial progress – despite the ever-rising costs in football.
“During the seven years, we have seen operating profits one year and losses in others, a situation which can be attributed, in the main, to player trading costs and the timing of payments.
“What is important is the underlying trend that has continued with the aim of strengthening our financial position with profits being reinvested back into the club and players, allowing this long-term stability to become a reality.”