Liverpool have been valued as a billion pound football club by Forbes.
The latest findings from the American financial magazine’s annual report into the world’s most successful sports teams has seen the Reds’ value increase.
Owners Fenway Sports Group have seen the club’s stock ranked at £1.16 billion following significant growth since last year’s valuation of £644 million.
Extending their current shirt sponsorship with Standard Chartered until 2019 was a key factor in Liverpool’s newly-acquired financial status.
They are set to net in the region of £32 million annually from the deal with the global banking giant between now and the end of their partnership.
A growth in income from TV coverage has also contributed with broadcasting revenues up to £436 million while commercial activities rose to £362 million.
The findings placed Liverpool as the 41st most valuable team in world sports.
Only Chelsea (36th), Manchester City (28th), Arsenal (23rd) and Manchester United (5th) rank higher of their Premier League rivals.