{"id":7292,"date":"2019-02-08T19:58:44","date_gmt":"2019-02-08T19:58:44","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/liverpool-announce-world-record-106m-net-profit\/"},"modified":"2019-02-08T19:58:44","modified_gmt":"2019-02-08T19:58:44","slug":"liverpool-announce-world-record-106m-net-profit","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/liverpool-announce-world-record-106m-net-profit\/","title":{"rendered":"Liverpool announce world record \u00a3106m net profit"},"content":{"rendered":"\n
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Philippe Coutinho was sold by Liverpool to Barcelona in a \u00a3142m deal in January 2018<\/figcaption><\/figure>\n

Liverpool have announced a world record profit of \u00a3106m.<\/p>\n

In their yearly financial results, the Reds made an annual pre-tax profit of \u00a3125m – up from \u00a340m – as turnover increased in the 12 months to May 2018 by \u00a390m to \u00a3455m, also a record.<\/p>\n

Liverpool were boosted financially by a run to the Champions League final last season, which earned an estimated \u00a372m.<\/p>\n

They were also helped by midfielder Philippe Coutinho’s \u00a3142m transfer to Barcelona<\/a> in January 2018.<\/p>\n

Leicester City had held the record for net (post-tax) profit of \u00a380m in 2016-17 (\u00a392m pre-tax) after reaching the quarter-finals of the Champions League in 2017.<\/p>\n

Having topped the Premier League table for much of the season, Liverpool are vying with defending champions Manchester City for a first English top-flight title for 29 years, and that success has been mirrored off the pitch too.<\/p>\n

Media revenue has increased by \u00a366m to \u00a3220m, commercial revenue by \u00a317m to \u00a3154m and match revenue by \u00a37m to \u00a381m.<\/p>\n

In revenue terms, Liverpool will leapfrog Arsenal into third place in the Premier League, behind Manchester United and Manchester City. <\/p>\n

In total, \u00a3137m came into the club from player transfers. Liverpool say all of that has been reinvested back into the squad, taking outgoings on new players to more than \u00a3190m.<\/p>\n

Andy Hughes, the club’s chief operating officer, said: “What we have seen is a stable and sustained improvement in the club’s financial position over recent years.<\/p>\n

“This growth and increase in revenue has enabled us to significantly reinvest both in the playing squad and the football operational infrastructure.<\/p>\n

“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.”<\/p>\n

The club also say their social media platforms had a 14% growth rate, taking the total to over 60 million followers across digital channels, and that in May 2018 they had the highest viewing figures ever for a Premier League club, and third of any sports club globally.<\/p>\n

In January, Liverpool climbed two places to seventh in the latest edition of the Deloitte Football Money League. <\/a><\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Philippe Coutinho was sold by Liverpool to Barcelona in a \u00a3142m deal in January 2018 Liverpool have announced a world record profit of \u00a3106m. In their yearly financial results, the Reds made an annual pre-tax profit of \u00a3125m – up from \u00a340m – as turnover increased in the 12 months to May 2018 by \u00a390m … <\/p>\n","protected":false},"author":0,"featured_media":7293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=7292"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/7293"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}