Liverpool football club have today released their annual financial accounts showing a World record profit of £106 million over the past 12 months.
The results that have been released today show the reds have made a pre tax profit of £125m showing more than a 200% increase from the £40m record the year earlier.
These figures do take into account the incredible Champions League run that saw them beaten 3-1 in the final by Real Madrid and although they didn’t take home the trophy the run it’s is believed to have earned the club an estimated £72m. Add that to the January sale of Brazilian international Philippe Coutinho (pictured) to Barcelona for £142m last January and the club have smashed the pervious record held by Leicester City of £80m 2016-17 when they made the quarterfinals of the Champions league.
In the report, it also showed media revenue was up from £66m to a whooping £220m, while commercial revenue had shot from £17m to an outstanding £154m over the past twelve months. All this now means in revenue terms Liverpool have officially leapfrogged Arsenal into third place in the premier league behind
At present Liverpool success is also being mirrored on the pitch as they have been in a running battle with defending Champions Manchester City for top spot in the Premier League for most of the season.
Speaking about the amazing profits and success off the field, the Clubs chief operating officer Andy Hughes was quick to say;
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.”
This vast improvement was also noted in the latest addition of the Deloitte football money league when out of the top 20 richest teams in Europe, Liverpool climbed two places to take seventh spot!