Liverpool FC

Liverpool announce world-record profits

Liverpool have announced record pre-tax profits of £125 million for 2017/18.

An extended run to last season’s Champions League final allowed the Reds to post a £40m increase on the previous financial year

Turnover has also grown by £90m to £455m, broadcast revenues came in at £220m, a £66m mark-up, while commercial revenue grew by £17m to £154m.

Match day revenues were also up to £81m, a £7m rise with the Champions League campaign alone adding £72m into the club’s financial resources.

Jurgen Klopp’s side received £190m investment through transfers, including the signing of Mohamed Salah and club-record purchase of Virgil van Dijk.

Figures for the current campaign, in which over £175m was spent on four players last summer, will not be recorded until the following year’s accounts.

Andy Hughes, Liverpool’s chief operating officer, said: “This growth and increase in revenue has enabled us to significantly reinvest both in the playing squad and the football operational infrastructure.

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“Financial results do fluctuate depending on player trading costs and timing of payments but what’s clear in these latest results is the further strengthening of our underlying financial footing and profits being reinvested in the squad and infrastructure.

“Since the reporting period, which is now nearly 12 months old, we have continued reinvesting in the playing squad from those areas of growth.

“In addition, the capital investment in our new training complex in Kirkby is well under way, which will provide first-class amenities for our players and staff, and will vastly improve sports facilities for the community of Kirkby.”