Liverpool Announce £50 Million Loss

Premier League high flyers Liverpool lost almost £50 million ($83.6 million) in 2012-13, generic according to their latest financial accounts.

The accounts showed that up until 31 May 2013 the club made a loss after tax of £49.8m.

Last season debts at the Premier League club decreased by 29% to £45.1m and revenue increased by 9% to £206.1m. 

Also a cash injection of £46.8m by Liverpool FC owner Fenway Sports Group allowed the club to repay a stadium loan.

Despite the losses the club is expecting a healthy financial future.

Club managing director Ian Ayre said: “These results demonstrate that 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 £170m 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.”

Owned by U.S. businessman John W. Henry, Liverpool have had a promising season so far and sit in second place in the Premier League, four points behind Chelsea with 10 games to go.

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