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Reds' books are in the black

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Liverpool owner, John Henry with wife, Linda Pizzuti (Getty Images)
Liverpool owner, John Henry with wife, Linda Pizzuti (Getty Images)

London - Liverpool on Monday have 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 £0.9 million, which is a considerable improvement on the £49.8 million loss of the previous year.

The figures underline the progress the club have made since their takeover by Fenway Sports Group, the American investment company run by John W Henry, in 2010.

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