Liverpool FC announced their financial reports for the year 2014. The club reported a pre tax profit of £0.9m. The main reason for this upswing was second placed finish and the sale of Luis Suarez along with the return to Champions League football.
Liverpool Football Club today announced that solid financial progress continues to be made as it filed its annual accounts for the year to May 31, 2014.
Revenue increased by 19% to £255.6m
Media revenue increased by 46% to £100.9m
Commercial revenue increased by 5% to £103.8m
Profit before tax for was £0.9m compared to a 2013 loss of £49.8m
Moved up three places to 9th in Deloitte's Money League
Net debt increased by £12.2m to £57.3m but overall debt has decreased from £237m when FSG took over in 2010.
LFC’s CEO Ian Ayre was buoyed by club’s growth in the fiscal year and was bullish about club’s prospects in the coming years.
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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