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Liverpool announce profit despite record €263m investment on players

Jurgen Klopp, Liverpool
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Liverpool have announced that the club made €49m financial profit despite spending over €263m investment on players last year.

Liverpool made a pre-tax profit of €49million last year despite a record €263million investment on players.

Of course, they are getting the rewards of their investment with serial success over the past year.

Straight from winning the Champions League last season, Liverpool have dominated the league this season.

At the moment, they are only four wins away from being crowned champions.

Figures released on Thursday for the financial year covered the period up to May 31, 2019.

These figures include the purchases of Alisson Becker (€76m), Naby Keita (€62.75m), Fabinho (€51.43m) and Xherdan Shaqiri (€15.30m).

It also includes the increased costs of new contracts for 11 players, including captain Jordan Henderson, Roberto Firmino, Mohamed Salah, Sadio Mane, Andy Robertson and Trent Alexander-Arnold.

Liverpool also saw their income largely boosted by the prize money for winning the Champions League.

The extra cash prize for having a sixth European trophy will be added to the report of their current financial year.

The Red’s Chief Operating Officer Andy Hughes claimed it’s no surprise they are seeing success on and off the pitch.

“What we’re seeing is sustained growth across all areas of the club which is aligned to the recent performance on the pitch,” said Hughes as per the club’s website.

Liverpool are in another good position to make even more this year if they win the Premier League and try to turn their deficit in defence of their Champions League crown.