Posted: Thursday 6th March 2014 at 10:00 am

Liverpool’s Form Rakes In Profit

db4b239882909 159654 Liverpool’s Form Rakes In ProfitLiverpool have reported a nine per cent increase in revenue to £206.1m for the year ending May 31, 2013.

The club, currently just four points off top spot in the Barclays Premier League, also revealed external debt decreased by 29 per cent to £45.1m from £65m.

The increase in revenue continues a steady upward trend since Fenway Sports Group took over the club in October 2010 while, during the same period, external debt has fallen by almost £200m.

Commercial revenues rose to £97.7m from £63.9m, media revenues showed a slight increase at £63.8m from £62.8m while administrative expenses for the period were £213.1m compared to £176.5m.

In a statement on the club’s official website, managing director Ian Ayre said:

“These results demonstrate the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch.

“Over the past four or five years, revenue has been consistently increasing from around £170million in 2009 to over £200m today, and external debt has decreased significantly to less than £50m.

“With a hugely supportive ownership group, we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch.

“During the period, we signed six new players including Daniel Sturridge, Philippe Coutinho and Joe Allen, and we extended seven players’ contracts which included Daniel Agger, Martin Skrtel, Martin Kelly, Lucas Leiva and Raheem Sterling.

“We have added depth and strength to the squad while continuing to develop young talent. In addition, nine players were transferred out and eight players were loaned out.

“These financial results are now up to 18 months old and we have continued to make further progress since this reporting period.

“Our strong links remain with our existing partners, signing new deals with Standard Chartered, Garuda and Carlsberg, and we have recently announced five new partnerships which endorses the global appeal of the LFC brand.

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