Liverpool broke the world record for the biggest pre-tax profit made by a football club during the 2017-18 financial year, the club’s latest accounts have revealed. Champions League qualification, progress to the final in Kiev and the £142 million sale of Philippe Coutinho to Barcelona were instrumental in producing a pre-tax profit of £125 million (€142.7 million), eclipsing the £92.5 million made by Leicester City in 2016-17. The profit after tax was £106 million, and £190 million was reinvested in Jürgen Klopp’s title-chasing squad, a sum that includes agents’ fees and associated costs. Commercial revenue was up £17 million to £154 million and match revenue increased £7 million to £81 million. Champions League football helped drive the increases on 2016-17, when Liverpool did not qualify for any European competition but posted a pre-tax profit of £40 million, with the new main stand generating the extra match-day revenue.

Source: The Irish Times February 08, 2019 19:41 UTC