Liverpool post record revenues as pre-tax profits hit £125m

Michael Searles
Manchester City v Liverpool - UEFA Champions League Quarter Final Second Leg
Liverpool made record revenues last season despite spending £190m on new players (Source: Getty)

Liverpool Football Club made a pre-tax profit of £125m after posting record revenues for the financial year ending 31 May 2018.

The club saw revenue increase to an all-time high of £455m, with pre-tax profits growing by more than 300 per cent from £40m to £125m, according to the club's accounts.

Liverpool's turnover increased by more than £90m in total, despite a club-record £190m invested in players during that time.

READ MORE: Liverpool rise to seventh in Deloitte Football Money League.

Media revenue was up by £66m to £220m, commercial revenues rose to £154m from £137m, and match revenue was also up by £7m to £81m.

The run to the Champions League final, where Liverpool lost 3-1 to Real Madrid, played a significant part in the increased revenue, earning the club an extra £72m according to Uefa.

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

Liverpool rose two places to seventh in the Deloitte Football Money League this year, and are ahead of Chelsea, Arsenal and Tottenham.

"What we have seen is a stable and sustained improvement in the club's financial position over recent years,” said chief operating officer, Andy Hughes.

"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 underway which will provide first-class amenities for our players and staff, and will vastly improve sports facilities for the community of Kirkby."

Liverpool made £137m during that financial period through the sale of players including Phillipe Coutinho, Mamadou Sakho, Lucas Leiva and Kevin Stewart, but reinvested all of it plus £50m more with the signings of Mohamed Salah, Virgil Van Dijk, Andy Robertson, Alex Oxlade-Chamberlain and Dominic Solanke – who the club sold in January for £19m.