Liverpool news: Anfield club announce record pre-tax profit for 2017/18
Liverpool have announced a record-breaking125million profit before tax for 2017/18 – despite spending 190million on new players.The Anfield club have broken the existing record, which was set by Leicester (92.5million before tax) the season after they won that most miraculous of Premier League titles and played Champions League football.Overall, the Reds‘ financial figures for the year ending May 2018 show a rise of 85million on the previous 12 months, a year in which they had no European football.
3Leicester held the previous record, which has now been beaten by LiverpoolMuch of that was due to increased revenue both on and off the pitch from a run to the Champions League final in Kiev, where they were beaten by Real Madrid.The financial statements show 137million came into the club from player transfers – the largest chunk being Philippe Coutinho’s January sale to Barcelona in a deal worth up to 142million – during the accounting period.All was reinvested, plus more, as the club significantly strengthened their squad with the signings of Mohamed Salah, Alex Oxlade-Chamberlain, Andrew Robertson, Dominic Solanke and Virgil Van Dijk, the latter arriving as the world’s most expensive defender at 75million.
3Van Dijk became the world’s most expensive defender last JanuarySince the end of the reporting period club owners Fenway Sports Group have spent more money on players with Naby Keita, Fabinho, Xherdan Shaqiri and Alisson – briefly the world’s most expensive goalkeeper at 65million – coming in at a cost of 165million but those deals will be reflected in the current year’s figures.Not all the investment has gone on players, however, with the club’s 50million redevelopment of the academy at Kirkby incorporating a new first-team training base.That will be complete for the start of the 2020/21 season, meaning the biggest financial hit will be felt in the current financial year. Turnover increased during the last period by 90million to 455million, with all three revenue streams rising: media increasing by 66million to 220million, commercial up by 17million to 154million and match revenue increasing by 7million to 81million.That level of matchday revenue is close to Liverpool’s absolute limit given the constraints of Anfield’s 54,000 capacity and without further development of the Anfield Road End, a decision on which has yet to be made by FSG.It was boosted by the extra games in the Champions League and while the club’s involvement in the Premier League title race this year cannot generate any extra income from additional matches, it will make them a more attractive proposition on a commercial front.
3Jurgen Klopp guided Liverpool to the Champions League final, but they were beaten by Real MadridAnd while it is understood the club is keen to capitalise on their success on the pitch, most of their current commercial sponsorships are tied into long-term deals.“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,” said chief financial officer Andy Hughes.“Since the reporting period, which is now nearly 12 months old, we have continued reinvesting in the playing squad from those areas of growth.“We’re making solid progress right across the club. Costs in football continue to rise year on year and it’s important we constantly review and manage our operating costs to ensure we’re in the right shape for future success.“With the continued support of our ownership group, performance on the pitch and maintaining our priority of reinvesting back into the squad, we remain focused towards fulfilling all our football ambitions.”
Feb 08, 2019 · Liverpool's pre-tax profits soared to £125 million over the last financial year as the club reaped the massive rewards of Champions League progress. Liverpool announce record pre-tax
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Liverpool announce record pre-tax profit of £125million for
Liverpool news: Anfield club announce record pre-tax profit
Liverpool announce record pre-tax profit of £125million for 2017/18 February 8, 2019 by Football Paradise Staff Reporter 0 Liverpool posted a record-breaking £125million profit before tax last year - even after spending £190million on new players.
Liverpool announce record pre-tax profit of £125million for
Liverpool's pre-tax profits soared to £125 million over the last financial year as the club reaped the massive rewards of Champions League progress. The economic benefits of top tier European
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Liverpool announce record pre-tax profit of £125million for 2017/18 show £137m came into the club from player transfers - the largest chunk being Philippe Coutinho's January sale to
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Liverpool have announced a record-breaking £125million profit before tax for 2017/18 - despite spending £190million on new players. The Anfield club have broken the existing record, which was
Liverpool announce record pre-tax profits of £125m
Liverpool announce record pre-tax profit of £125million for 2017/18 The Reds reached the Champions League final last year and saw Philippe Coutinho join Barcelona in a deal worth up to £142m.
Liverpool announce record pre-tax profit of £125million for
Liverpool have announced a record pre-tax profit of £125m in financial results that underline the club's remarkable recent progress under Fenway Sports Group. The Reds' run to the Champions
Liverpool announce record pre-tax profits of £125m
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