Liverpool set to break world-record annual net profit for football clubs

Premier League leaders Liverpool could become the first football to post an annual net profit of more than €100million, according to Inside World Football (h/t Mirror).

The Reds had a fantastic campaign last season reaching the Champions League final. The report claims that the Reds banked €81.3million as they finished the competition as runners-ups, and since they did not take part in the Champions League in 2016-17, this is seen as a top-line growth.

There were some major signings at the club with Mohamed Salah, Alex Oxlade-Chamberlain and Virgil van Dijk signing, but their costs will most likely be spread over their contract lengths, as per the report. Liverpool also sold Philippe Coutinho to Barcelona in January for around €130million.

The report adds that the Reds recorded a turnover of €364million in 2016-17 but that should jump up to more than €450million when the accounts are published by Companies House in March.

The Mirror adds that Inside World Football’s calculations came after a UEFA statement claimed that Leicester City had held the previous record thanks to their Champions League exploits after winning the Premier League.

Liverpool also have had several sponsorship deals over the years since FSG took over, and this latest news shows how healthy the club is financially.

We have also spent money wisely with most of our transfers working out, and this season is a testament to how far we have come under Jurgen Klopp.

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The Reds lead the Premier League and are still competing in the Champions League. Hopefully, we make the season count and win a trophy under Jurgen Klopp.