Liverpool achieves record net profit of £ 106 million



[ad_1]

LONDON: Liverpool posted a record net profit of £ 106m ($ 137m) last year, even after spending £ 190m in new players, according to the financial results announced on Friday, February 8th.

The pre-tax profit of the club was 125 million pounds, compared to 40 million pounds sterling. The club benefited from an increase in its revenues, whether on the field or after the race, until the final of the Champions League in Kiev, where they were beaten by Real Madrid.

Turnover increased by £ 90 million to £ 455 million in the 12 months to May 31 of last year, while media revenues, commercial revenues and and match days were increasing.

The previous record was set by Leicester (£ 80 million after tax) in 2016/2017, the season after their Premier League win, after reaching the quarter-finals of the Champions League.

Liverpool continues to follow the two Manchester clubs in terms of revenue. United has announced its results for the 12 months to the end of last June in September, with revenues of 590 million pounds sterling.

Jurgen Klopp's team is tied for points with Manchester City at the top of the Premier League as she pursues her first English title of top flight for 29 years.

The financial statements show that £ 137 million was generated by player transfers, most of which was the sale of Philippe Coutinho to Barcelona in January, under a contract of up to £ 142 million. during the accounting period.

The club has invested heavily by hiring Mohamed Salah, Alex Oxlade-Chamberlain, Andrew Robertson, Dominic Solanke and Virgil Van Dijk, the world's most expensive defender with £ 75 million.

Since the end of the qualifying period, the club's owners, Fenway Sports Group, have spent more money on their players. Naby Keita, Fabinho, Xherdan Shaqiri and Alison Becker, briefly the most expensive guardian in the world, cost 165 million pounds sterling. will be reflected in the figures of the current year.

"Financial results fluctuate based on players' transaction costs and payment schedule, but these latest results clearly show the strengthening of our underlying financial base and reinvested earnings in the team and infrastructure," he said. said the chief financial officer, Andy Hughes.

"Since the reference period, which is now close to 12 months, we have continued to reinvest in the workforce of this growing sector and we are making solid progress across the club."

Overall, the club's social media platforms grew by 14%, and in May 2018 they had the highest ratings ever recorded on YouTube for a club. Premier League and the third of all sports clubs in the world.

In January, Liverpool climbed two places to seventh place in Deloitte's Football Money League. The highest ranked British club on the Deloitte list was Manchester United, third.

[ad_2]
Source link