Liverpool toast progress despite filing £50m loss

LIVERPOOL managing director Ian Ayre believes the club have distanced themselves from the “dark days” off the field, despite revealing losses last night of almost £50m for the year ending May 2013.

Since the Fenway Sports Group completed its takeover of Liverpool from George Gillett and Tom Hicks in October 2010, debts have been reduced by £200m and now stand at £45.1m according to financial results filed yesterday.

Turnover and commercial revenues have also increased significantly and with Liverpool currently second in the Premier League and on course to play Champions League football for the first time since 2009, Ayre is positive about life at Anfield.

“It’s a long, long way from the dark days of just a few years ago,” he said. “These results demonstrate that the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch.

“With a hugely supportive ownership group, we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch.”