Liverpool's Anfield improvements and increased TV money engineer £60m swing back into profit

Frank Dalleres
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Anfield home of Liverpool Main Stand Opening Event
Anfield's new Main Stand boosted matchday revenue (Source: Getty)

Liverpool enjoyed a £60m swing into the black due to an increase in capacity at Anfield and the advent of increasingly lucrative Premier League television contracts last season.

The Reds recovered from a £21m loss in the previous 12 months to record a profit after tax of £39m for the financial year to 31 May 2017. The jump mirrored growth in revenue from £302m to £364m.

Greater broadcast income was the biggest contributor, with revenue swelling £30m to £154m as a new three-year cycle of domestic and international television deals came into effect.

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The completion of Anfield’s new Main Stand led to increased hospitality sales, which the club cited as the driving force behind matchday revenue rising from £62m to £74m despite an absence of European fixtures.

Commercial income also climbed from £116m to £136m following the securing of 12 new partnerships with brands including Malaysia Airlines and video game maker Konami.

Liverpool reported net cash investment of £91m on capital infrastructure and the signing of players such as Sadio Mane, Georginio Wijnaldum and Loris Karius.

Net bank debt grew by 50 per cent to £67m, however. The club attributed it to signings and other investments and described it as “sustainable given the overall growth of the club’s financial performance”.

Chief operating officer Andy Hughes said: “We have significantly improved the club’s financial position over the past seven years and these results further demonstrate our solid financial progress – despite the ever-rising costs in football.”

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