Liverpool Announce World Record £125m Profit

By Daily Sports on February 9, 2019

Views: 211

Liverpool made world record pre-tax profits of £125 million in the year to May 31 2018, the club have announced.

The financial results were boosted by their run to last season’s Champions League final and the January sale of Philippe Coutinho to Barcelona for £142m.

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

Media revenue increased by £66m to £220m, while commercial revenue rose by £17m to £154m. Matchday revenue, meanwhile, went up by £7m, rising to £81m.

“What we have seen is a stable and sustained improvement in the club’s financial position over recent years,” Andy Hughes, Liverpool’s chief operating officer, said.

“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.”

Liverpool’s £125m profit broke the world record for the biggest pre-tax profit made by a football club during the 2017-18 financial year, the club’s latest accounts have revealed.

The total eclipsed the £92m made by Leicester in 2016-17 – the season after their shock Premier League win. (ESPN)

•Photo shows Liverpool Players 

Source Daily Sports

Posted February 9, 2019


 

You may also like...
Joshua ready to fight Fury in summer

CHAN Cracker: Tunisia must fall, Eagles declare

Real Madrid's new manager Lopetegui fired as Spainish...

Croatia sack coach over 'glory to Ukraine' video...

Plateau eye double

Victor Moses sparkles as Chelsea go 11 points...

 

Latest News AFCON: Rohr Does Not Exude Enough Confidence — Odegbami Messi Blamed for Barca’s Champions League Failures Rohr’s Gambling Goes Unpunished against Burundi, But Is It Enough Now? Mali Make Easy Work of AFCON Debutants Mauritania, Win 4-1 Kodjia’s Strike Fires Ivory Coast Past South Africa Tunisia, Angola Battle to a Draw Akpeyi Impresses Rohr against Burundi BJ Foundation Beats Eagles Wings to Win 1st Edition of Mikel Agu Cup, Rockers Finish 3rd Newcastle Confirm Rafael Benitez Departure Argentina Will Improve Copa America Quarter Finals — Messi Wan-Bissaka Set for a Medical at Manchester United San Siro to be Demolished by Inter, AC Milan

 

Most Read Rangers International going, going . . . (45,514 views) Amaju Pinnick: A cat with nine lives (37,571 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (36,191 views) Sports Development: Zenith Bank on the zenith (35,758 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (34,766 views) Current issues in Nigerian sports: Matters arising (34,682 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (33,978 views) Olopade, BET9A wave of revolution in NNL (33,795 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (33,481 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (32,703 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (30,652 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (30,534 views)

 

 


 

News Athletics (289) Basketball (170) Boxing (554) Columnists (449) Euro Soccer Update (5016) Fans Assembly (3) From the Grassroots (46) Golf (74) Interviews (14) Live Commentary (4) News (5079) NPL Glo Premier League (1028) People and Places (22) Readers Parliament (6) Tennis (559)

 

 

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media