Liverpool FC profit hits £125m on £455m turnover

Liverpool Football Club on Friday announced its annual financial results for the year to May 31, 2018, saying turnover increased £90 million to £455 million and profit before tax rose from £40 million to £125 million.

Liverpool FC is owned by Fenway Sports Group (FSG), which also owns Major League Baseball’s Boston Red Sox.

The results show that £137 million came into the club from player transfers – and that all of that, plus further investment, was reinvested back into the squad, taking the total outgoings on new players to more than £190 million.

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

All three revenue streams saw rises — with media revenue increasing by £66 million to £220 million, commercial revenue increasing by £17 million to £154 million and match revenue increasing by £7 million to £81 million.

Most of those increases were due to qualification for the Champions League and additional games on the way to the final.

The club did not participate in any European competition in 2016-17.

Andy Hughes, LFC’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.

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

“In addition, the capital investment in our new training complex in Kirkby is well under way which will provide first-class amenities for our players and staff, and will vastly improve sports facilities for the community of Kirkby.”