• News

Liverpool announce £125m record profit

Getty Images

Liverpool FC announced its annual financial results, which showed that they made a record pre-tax profits of £125 million in the year to May 31, 2018.

The club’s run to last season’s Champions League final and the club record sale of Philippe Coutinho to Barcelona for £142m in January further boosted their income.

According to LFC.TV, Liverpool’s turnover increased by £90m to £455m, with all three major revenue streams showing massive growth and enabled the further investment into the squad.

Media revenue increased by £66m to £220m, while commercial revenue rose by £17m to £154m. Matchday revenue, meanwhile, went up by £7m, rising to £81m.

Andy Hughes, LFC’s chief operating officer, said: “What we have seen is a stable and sustained improvement in the club’s financial position over recent years. This growth and increase in revenue has enabled us to significantly reinvest both in the playing squad and the football operational infrastructure.

“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 underway which will provide first-class amenities for our players and staff, and will vastly improve sports facilities for the community of Kirkby.”

Liverpool’s £125m profit surpasses the £92m made by Leicester in 2016-17 — the season after their shock Premier League win.