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.
Liverpool plotting January move to sign 25-year-old Belgian with £26m release clause
The Belgian has been in great form for Borussia Monchengladbach this season with 11 goals and six assists.
Hazard is contracted with the Bundesliga giants till 2020, and the report adds that Manchester United and Everton are also interested in the Belgian winger.
Liverpool could do with some additional firepower in the second half of the season, and Hazard seems to be a quality option if we can sign him based on his release clause.
It would be tough for the attacker to start games from the go at Liverpool but having someone to cover Sadio Mane and Mohamed Salah would be great.
The Liverpool duo has been incredible since joining the Reds and Klopp splashed a lot in the summer to sign the likes of Naby Keita, Fabinho and Alisson.
Xherdan Shaqiri was the only attack-minded player we got in the summer, and it will be interesting to see our activity in the winter window.
The Reds lead the Premier League by just one point, and strengthening our side in January could make our Premier League dreams come true.
Liverpool in the race with Man United to sign 20-year-old promising Championship defender
The 20-year-old Englishman is predominantly a left-back but is comfortable when switched to operate as a centre-back.
Kelly has 18 Championship appearances for City this season and has even scored a goal. The Championship side lie 13th in the league as they try to push up for a playoff spot.
The report adds that Tottenham, Manchester United and Arsenal are also keeping tabs on the England U21 international. The youngster, who seems to be a player for the future, has also trained with the England senior squad under Gareth Southgate.
The report claims that we are looking to sign him in the winter window, but face competition from the trio of Premier League clubs.
The Reds have done well with some of their young players in recent years and Kelly could be one for the coming years. He could make a story similar to Joe Gomez at Anfield.
The latter joined us on the cheap from Charlton Athletic a few years ago and even made his senior debut as the left-back. However, he has now shifted to central defence and has been impressive for the Reds under Jurgen Klopp.
Gomez is out for a few weeks due to injury and hopefully, he comes back stronger as we look to continue our fantastic start to the season.
“We want to be as successful as possible” – Jurgen Klopp praises players after record-breaking start to the season
Jurgen Klopp has hailed the Liverpool players for their record-breaking start to the season. The Liverpool Echo reports that our tally of 42 points from 16 games is the best during this stage of a top-flight season.
We achieved that landmark with a 4-0 demolition job of Bournemouth on Saturday and moved to the top of the Premier League table after Chelsea’s win over Manchester City.
Klopp further gave all the credit for the feat to the players (h/t Liverpool Echo):
“I think I said a few years ago that we have to write our own history.
“It’s important but it’s not the most important thing in the world that we beat any team’s record from 30 years ago or whatever.
“The thing is that we want to be as successful as possible. Nobody knows what that means. This league is so difficult to play.”
The manager even had time to joke about the points tally we have achieved so far this season.
“To have 42 points, I usually had that in April, and now it’s December. That’s massive. It’s exceptional, and the boys deserve all the credit for that because they fight for each yard.”
Liverpool looked great in the win over the Cherries but it felt like we had more in the tank. There are a couple of tough matches coming up for the Reds as we face Napoli in the Champions League and Manchester United at the weekend.
We have to beat the Italians to make it to the next round of the European competition, and the pressure will be on to put Carlo Ancelotti’s men to the sword.
Klopp will already be planning the downfall of the Serie A side, and if we play to our potential, there could be a fantastic match at Anfield in midweek.
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