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Globallookpress
LONDON (Reuters) – Liverpool has announced record profits for the last fiscal year after reaching the Champions League final and the sale of Brazilian player Felipe Coutinho to Barcelona.
The club's accounts for the fiscal year ended May 31, 2018 showed Liverpool's pre-tax profit had jumped more than 300 percent to 125 million pounds before taxes, after reaching £ 40 million.
The record earned the record of the Champions League final, before losing against Real Madrid and the sale of Coutinho in Barcelona in January 2018 for 142 million pounds.
Liverpool's revenues increased from £ 90 million to £ 255 million, thanks to improved television rights and commercials.
"We have seen a steady improvement in the club's financial situation over the last few years," said Andy Hughes, general manager of the club's operational area. This growth and our high income allowed us to reinvest massively in the infrastructures of the teams and the football. "
Liverpool has two spots to finish seventh in Deloitte's list of financial scores last month, which monitors the revenue of football clubs.
The club has announced it has mobilized $ 190 million to strengthen the team of German coach Jürgen Klopp, who is looking to win the championship title for the first time in 29 years.
Egyptian star Mohammed Salah, Dutchman Virgil Van Dijk, Andy Robertson, Dominique Solanki (Bournemouth now) and Trent Alexander-Arnold joined the Reds during this period and continued to invest with Guinean Nabi Keita, Brazilian Fabiniu and goalkeeper Brazilian Alison Baker. Sheridan Shakiri in the Premiership season.
Source: Reuters
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