Liverpool vow to spend after posting profit

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Liverpool have pledged to back boss Jurgen Klopp in the transfer market after their accounts returned to profit with a £39 million ($53 million, 44 million euros) surplus recorded in the latest financial results.

The Reds had made a £21 million loss for the year ending May 2016, but they benefited from a £30 million increase in media revenue from the first year of the new three-season Premier League broadcast deal.

Liverpool’s commercial revenue grew by £20 million thanks to 12 new sponsorship partnerships.

A first season for Anfield’s expanded Main Stand saw match day revenue increase by £12 million to £74 million mainly as a result of increased hospitality sales.

Liverpool’s overall revenue for the financial year to May 31, 2017 increased by £62 million to £364 million – a sharp rise of 20.5 percent.

The figures do not take into account Liverpool’s combined spend of £80 million on Mohamed Salah, Alex Oxlade-Chamberlain and Andrew Robertson last year.

Virgil van Dijk’s £75 million arrival from Southampton and Philippe Coutinho’s £142 million sale to Barcelona — both deals happened in January — are also not included.

Although bank debt rose from £22 million to £67 million through spending on capital infrastructure and player recruitment, Klopp will be allowed to make more new signings when the transfer window reopens at the end of the season.

 

 

AFP

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