Liverpool FC Record First Profit in Seven Years

English Premier League club Liverpool FC have announced profits for the first time in seven years of £0.9m for the year to 31 May 2014.

This represents significant financial progress for the club after posting a £49.8m loss in 2013.

The club’s revenue increased by 19% to £255.6m, largely due to the rise in media revenue from the Premier League TV deal. Commercial revenue also increased 5% to £103.8m.

The Reds’ net debt increased by £12.2m to £57.3m but overall debt decreased from £237m when Fenway Sports Group took over the club in 2010.

Chief executive, Ian Ayre, said: “We continue to make good financial progress. Although these results are nearly 12 months old, they demonstrate that the transitional period we’ve been through over the past four years have stabilised the club and provided a platform for growth.

“Revenue has been consistently increasing from around £170 million in 2009 to over £250 million today and our commercial revenues continue to add strength to our overall results.

“During these past transitional years, it was important that we took a measured approach to bring back financial stability by ensuring the club is properly structured both on and off the pitch.

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