Liverpool FC reveals record revenues as profits soar to £125m

Ruben Hill
February 10, 2019

Liverpool posted a world record-breaking £106 million (US$137 million) net profit past year even after spending £190 million on new players, according to financial results announced on Friday.

The club's annual accounts for the financial year to May 31, 2018 showed pre-tax profits grew by more than 300 percent from 40 million pounds, eclipsing the 92.5 million pounds made by Leicester City in 2016-17.

Liverpool's turnover increased by £90m to £455m, with all three major revenue streams showing improvement.

The Reds enjoyed a lucrative run to last season's Champions League final, whilst their finances were also boosted by the £142m sale of Philippe Coutinho to Barcelona in January 2018.

Liverpool signed eight new sponsorship deals during the 2017-18 financial year and renewed four.

In revenue terms, Liverpool will leapfrog Arsenal into third place in the Premier League, behind Manchester United and Manchester City.

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

"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".

The club said they have reinvested 190 million pounds into Juergen Klopp's squad as they chase a first top division title in 29 years this season.

It paid a world record fee for a defender a year ago, bringing in Virgil van Djik from Southampton for £75 million and goalkeeper Alisson Becker in the summer for £67 million.

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

Liverpool's latest financial statement shows the club generated £137m in player sales, all of which, plus more than £50m, was reinvested back into the squad.

On social media it gained 3m followers on Instagram, had 27m fan interactions on Twitter and had 14% growth across all channels. 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.

Other reports by Click Lancashire

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