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Liverpool have officially announced a record profit (after tax) of an impressive £39m in the latest financial results.

The club declared an overall revenue increase by £62m (to £364m) for the year, the highest in the club’s history. In overall terms, the Reds – after all those taxes – reported a profit of £39m despite spending a whopping £91m on six new players during the year. Also, the aforementioned figure now stands as the largest figure under new owners Fenway Sports Group.

Just in case if you don’t know, the Reds announced a £21m loss for the year ending May 2016. The notable profit came from a £30m increase in media revenue from the first year of the new three-season Premier League broadcast deal, while a certain £20m came from a growth in commercial revenue, courtesy of 12 new sponsorship partnerships including Malaysia Airlines, Konami and Joie.

To add to it, it was this season when the Reds spent more than £50m on a new training ground and the project is set to get concluded by 2021. Also, the club opened its expanded Main Stand this year, which saw an increase in Anfield’s capacity to 54,074.

The expansion of the main stand now sees our match day revenue increase by £12m, to £74m. The downside, however, stays that the net bank debt has increased by £22m (to £67m) due to the investment in infrastructure and players’ recruitments. But the debt, according to the club is sustainable given the overall growth of the club’s financial performance.

“Performance on the pitch and the reinvestment in our squad is always a priority and following the club’s record signing last month we will look to invest again in the summer,” said chief operating officer Andy Hughes, referencing January’s £75m purchase of Virgil van Dijk.

“Progress on and off the pitch is critical to the growth of this football club – we all want success and everything we’re doing is geared toward fulfilling our football ambitions.”

However, the results do not include the arrival of Mohamed Salah, Alex Oxlade-Chamberlain, Andrew Robertson and Virgil van Dijk. It also does not include the January sale of Philippe Coutinho to Barcelona. What the results show is the £91m expenditure on Sadio Mane, Loris Karius, Ragnar Klavan, Georginio Wijnaldum and Joel Matip. A further £95m went on infrastructure.

“These results are approaching a year old. Further progress and reinvestments have continued to be made both on and off the pitch,” added Hughes.

“Our recent capital projects which include the Main Stand, the new retail store, the combined training ground and the new pitch at Anfield will be close to £200m which further demonstrates the commitment from this ownership.

“We continue to work up design, capacity and economic viability options for Anfield Road working with an architect to help with that process.

“This follows the same comprehensive process we followed with the Main Stand expansion.

“We must also continue to manage our finances and cash flow effectively that we have worked so very hard to secure since FSG took charge of the club.

“With the full support of this ownership group, 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.

“During the seven years, we have seen operating profits one year and losses in others, a situation which can be attributed, in the main, to player trading costs and the timing of payments.

“What is important is the underlying trend that has continued with the aim of strengthening our financial position with profits being reinvested back into the club and players, allowing this long-term stability to become a reality.”

So with that being done, the Reds will now be expected to strengthen their squad further in the summer. The club are in a dire need of a defensive midfielder given that Emre Can is expected to move away from Anfield over the summer, while the goalkeeping department still needs an upgrade.

Exciting times lie ahead? We hope so.

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Liverpool youngster picks up ankle ligament damage during loan spell

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Marko Grujic

Marko Grujic

Liverpool youngster Marko Grujic has picked up ankle ligament damage during Hertha Berlin’s 4-2 win over Borussia Monchengladbach, as per Sky Sports.

The Serbian midfielder joined the Bundesliga side on a loan deal and has played four games for them. Hertha are currently second in the competition behind Bayern Munich with 10 points from four games.

Hertha’s general manager Michael Preetz was quoted by Sky Sports saying.

“Marko has managed to make a significant difference to our game in the short time he has been with us, which is why the loss for him personally and for us is very, very bitter.

“Now we will look after him and help him, so that he can play that role as soon as possible.”

The report adds that the midfielder had signed a new deal with the Reds before joining the Bundesliga side on loan and was part of the Serbian World Cup squad in Russia.

Grujic had a huge role to play in Cardiff’s promotion to the Premier League last season and did well in his three starts for Hertha this term.

Read more: “Legend”, “Never leave” – Some Liverpool fans want star to extend stay after brilliant start

It will come as a bit of a blow for the youngster to miss out on game time but hopefully, he will not be out for long and return to full fitness quickly.

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(Video) Mohamed Salah hands Liverpool jersey to tearful young fan after win over Saints

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Mohamed Salah got on the scoresheet against Southampton over the weekend but also there was another moment that is being spoken about on social media.

The Egyptian broke his mini-drought as he scored from Xherdan Shaqiri’s free-kick and he also had a few chances to make it two in the game.

The former AS Roma forward hasn’t been at his free-scoring best from last season but is slowly regaining his mojo in front of the goal.

Wayne Dunlop posted a video of his son on Twitter. The child was holding up a sign after the match at Anfield and Salah gave the youngster his shirt from the game.

It is an emotional video of the Twitter user’s son, Lewis, tearing up as the Egyptian hands him the shirt he wore during the game.

Salah even responded to the video uploaded and Wayne was very happy that his son received such a fantastic piece of memorabilia from Anfield.

The Egyptian is one of the best footballers in the world but it is moments like these that ensure the fans love players more.

Salah could have ignored the young fan and walked down the tunnel but he took time out to make the fan happy.

The Reds lead the Premier League standings at the moment, having won all six of their clashes in the Premier League so far.

Read more: Liverpool create history: Five talking points from emphatic 3-0 win over Southampton

The 25-year-old is yet to hit top gear but it only seems like a matter of time before the goals start raining for the Liverpool forward.

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Jurgen Klopp dispels injury concern after surprise substitution against Southampton

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Xherdan Shaqiri

Xherdan Shaqiri started for Liverpool in the clash against Southampton and was instrumental in our a 3-0 lead at half-time.

His shot was turned into the net by Wesley Hoedt for our first goal and his free-kick was slotted into an open net by Mohamed Salah for our third.

It was a little surprising that Jurgen Klopp decided to take the Swiss star off at half-time and replace him with James Milner.

Shaqiri was our most impressive attacker on Saturday as he played an advanced role behind our front three.

However, Milner came onto the pitch and we played with three central midfielders, something Klopp has used to great effect throughout his time at Liverpool.

The German spoke to the club’s official website as he explained he wanted more control in the game and that’s why he took Shaqiri off.

“I said to Shaq at half-time that I had never brought a player off after such an influential time without an injury. He is not injured. But I wanted to control the game and go back to our normal formation. And that helped, we really controlled it.”

The manager further added that it was not easy to make the change, given how influential Shaqiri was in the first half.

Klopp did explain the change to Shaq but playing the Swiss star had an impact on our defence and that was a problem for the manager.

“The only problem was defensively. Offensively, it was a good idea but, how I said, we have to work on that more often. But he was good and I liked it.”

Read more: Shaqiri shines: Player ratings as Liverpool defeat Southampton 3-0

The 26-year-old had a fantastic game and it will be great to see him play more games if he can have the same sort of impact in the coming months.

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