BrandArena: Liverpool reveals first profit for 7 years

Tuesday 3 March 2015

Liverpool reveals first profit for 7 years

Just as the game of football like every other sports is to be enjoyed, making profit from it also the aim of every investor in the round-leather game.

Liverpool on Monday revealed their annual financial report showed the Premier League club have recorded a profit for the first time in seven years.

Figures released for the financial year ended May 31, 2014 show the club made a pre-tax profit of £0.9million – a considerable improvement on the £49.8million loss of the previous year.

The Reds are now back in the black for the first time since their darkest days under the ill-fated Tom Hicks and George Gillett regime.

Liverpool, now under Boston based ownership team Fenway Sports Group, recorded a modest profit - just short of £1m - but it was evidence of a major turnaround in financial fortunes given the previous’ year’s balance sheet reported a loss of almost £50m.

The Reds have also returned to the Deloitte Money League’s top ten clubs in the past 12 months, now standing ninth.

Work on a bigger £100m new Main Stand, which will provide around 8,500 extra seats at Anfield, began in early December and should be complete for the start of the 2016/17 season.

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