Liverpool have released their accounts on Friday and showed a record-breaking healthy profit of £125million before taxes. Thanks to their run to the Champions League final and the sale of Philippe Coutinho they set a record that exceeded the previous one set by Leicester (£92.5m before tax) when they won the Premier League and were in the Champions League.
Much 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 £137m came into the club from player transfers – the largest chunk being Coutinho’s January sale to Barcelona in a deal worth up to £142m.
The club also 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.
“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.”