Mubasher: Liverpool posted a world record-breaking GBP 106 million ($161.78 million) net profit last year, as the club reaped the massive rewards of Champions League progress.
Even after spending GBP 129 million on new players, the English Premier League club’s pre-tax profit totalled GBP 125 million in financial year 2017/2018, soaring 212.5% from GBP 40 million a year earlier.
Turnover across the period has also surged by GBP 90 million to GBP 445 million in the 12-month period ended last May, according to financial results announced on Friday
Over the reported year, media revenue climbed by GBP 66 million to GBP 220 million, while commercial revenue increased by GBP 17 million to GBP 154 million and matchday revenue rose by GBP 7 million to GBP 81 million.
The financial statement revealed GBP 137 million coming from player transfers, including the sale Philippe Coutinho's sale to Barcelona last January in a deal that could eventually worth up to GBP 142 million.
Liverpool invested heavily, signing Mohamed Salah, Alex Oxlade-Chamberlain, Andrew Robertson, Dominic Solanke and Virgil Van Dijk, who arrived as the world's most expensive defender at GBP 75 million.
“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,” Liverpool’s CFO Andy Hughes said.
Overall, Liverpool’s social media platforms recorded a 14% growth rate.
Last May, they had the biggest view numbers on YouTube ever for a Premier League club and third of any football club worldwide.