Liverpool post record results thanks to Champions League run

Liverpool Football Club has announced record results thanks to the team’s run which saw them reach the Champions League Final.

Profits before tax were up by £85m to £125m while revenues reached record levels in all three streams of income – media, commercial and match day.

Turnover increased by £90m to £455m over the course of last season while pre-tax profits increased from £40m to £125m.

The biggest rise in income – at £220m – was media revenue. This was up by £66m.

Commercial revenue increased by £17m to £154m and match day revenue rose by £7m to £81m.

The bulk of those increases came as a result of qualification for the Champions League and the additional games on the run to the final.

Liverpool were beaten 3-1 in the final in Kiev by Spanish giants Real Madrid.

The transfer of players saw £137m in funds coming into the club while  £190m was spent on bolstering the team.

Mohamed Salah, Virgil van Dijk, Andy Robertson, Alex Oxlade-Chamberlain and Dominic Solanke arrived at the club,with Philippe Coutinho, Mamadou Sakho, Lucas Leiva and Kevin Stewart were all sold.

Further arrivals have include Naby Keita, Fabinho, Alisson Becker and Xherdan Shaqiri.

Andy Hughes, Liverpool’s chief operating officer, said: “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.”

The club signed eight new deals during the reporting period including shirt sleeve sponsor Western Union.

Andy Hughes added: “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.”