English Premiership

Reds' books are in the black

2015-03-02 20:02
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.

FSG inherited huge debts from previous owners Tom Hicks and George Gillett and saved the club from financial catastrophe.

The latest figures, which show a 19 per cent rise in revenue, also come just a week after the club were cleared of breaching UEFA's Financial Fair Play regulations following an investigation by the European governing body.

On the negative side, the club's net debt has increased by £12.2 million to £57.3 million.

Revenue has increased year on year under FSG, with the latest increase to £255.6 million attributed largely to a rise in income from the Premier League's TV deal.

The club list TV money in a media revenue category, which overall has risen by 46 per cent to £100.9 million.

Commercial revenue has also increased by five per cent to £103.8 million with the club having tied up seven new partnership deals.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Saturday, 30 March 2019
Fulham v Manchester City, Craven Cottage 14:30
Leicester City v AFC Bournemouth, King Power Stadium 17:00
Manchester United v Watford, Old Trafford 17:00
Crystal Palace v Huddersfield Town, Selhurst Park 17:00
Brighton & Hove Albion v Southampton, The American Express Community Stadium 17:00
Burnley v Wolverhampton Wanderers, Turf Moor 17:00
West Ham United v Everton, London Stadium 19:30
Sunday, 31 March 2019
Cardiff City v Chelsea, Cardiff City Stadium 15:05
Liverpool v Tottenham Hotspur, Anfield 17:30
Monday, 01 April 2019
Arsenal v Newcastle United, Emirates Stadium 21:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2018/19 season?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.