Liverpool announce record £125m pre-tax profits

Virgil van Dijk

Virgil van Dijk

Liverpool made a world-record net profit for a football club of £125 million in the last financial year, with investment in Jürgen Klopp's squad over the same period totalling £190 million.

As revealed by The Times last month, Liverpool's profit - an increase on £40 million the previous year - outstrips the £92.5 million before tax Leicester City posted the season after they won the Premier League title in 2016.

"What we have seen is a stable and sustained improvement in the club's financial position over recent years".

Turnover increased by £90 million to £455 million in the 12 months to May 31 a year ago, with media, commercial revenue and matchday revenue all up, it said.

The majority of the increases are a result of the club's qualification for the Champions League and the additional games progressing through to the final.

There were also a number of new commercial deals, including the club's first-ever sleeve sponsor, financial services firm, Western Union.

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

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"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".

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

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

Turnover rose by 90 million pounds to 455 million pounds in the year ending May 31, 2018, according to extracts of the annual accounts published by Liverpool on Friday.

Mohamed Salah, Virgil van Dijk, Andy Robertson, Dominic Solanke and Alex Oxlade-Chamberlain joined Liverpool during the reporting period, and the investments continued with the arrivals of Naby Keita, Fabinho, Alisson Becker and Xherdan Shaqiri in the close season transfer window.

The club also enjoyed significant digital growth and became one the fastest growing football clubs on social media during the reporting period. 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.

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