Liverpool FC report healthy profit on the back of TV deal - News Summed Up

Liverpool FC report healthy profit on the back of TV deal


Liverpool turned a £21 million (€23.7 million) loss in 2016 into a £39 million post-tax profit in 2017 thanks to the first year of the latest Premier League broadcasting deal and new Main Stand at Anfield. Liverpool’s matchday revenue was up £12 million on 2016’s figures courtesy of the new Main Stand increasing hospitality sales and the ground’s capacity to 54,074. The Main Stand was funded by a £110 million inter-company loan from the owners Fenway Sports Group, who secured the loan in the United States at an attractive interest rate of 1.24 per cent. The accounts cover the year when Liverpool made six additions to the first team squad, including Sadio Mane, Georginio Wijnaldum and Loris Karius, and renewed seven senior contracts. This follows the same comprehensive process we followed with the Main Stand expansion.


Source: The Irish Times March 01, 2018 12:45 UTC



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