Liverpool out of the red as new TV deal heralds return to profit

 
Ross McLean
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Liverpool recorded a profit of £0.9m
LIVERPOOL overturned a loss of £50m to report a small profit for the first time in seven years last season, the Anfield club said yesterday.

The club reported a pre-tax profit of £0.9m in the year to 31 May 2014, compared to losses of £49.8m the previous year, while revenues increased by 19 per cent to £255.6m. The club jumped to ninth in Deloitte’s Football Money League as a consequence.

At the heart of the surge is the bumper Premier League television deal, the importance of which was underlined by a 46 per cent rise in Liverpool’s media income to £100.9m, while commercial revenues increased by five per cent to £104m.

While the club’s net debt has increased by £12.2m to £57.3m, overall debt has decreased from £237m since Fenway Sports Group assumed control of the club in 2010.

“We continue to make good financial progress,” said Liverpool chief executive Ian Ayre.

“Although these results are nearly 12 months old, they demonstrate that the transitional period we’ve been through over the past four years have stabilised the club and provided a platform for growth.

“Revenue has been consistently increasing from around £170m in 2009 to over £250m today and our commercial revenues continue to add strength to our overall results.”

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