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Liverpool record £39m profit despite significant outlay 

Liverpool have recorded a £39m profit after tax despite £91m being spent on new players and infrastructure improvements including the redevelopment of the Main Stand at Anfield.

The club, which made a £21m loss for the year ending May 2016, benefited from a match day revenue increase of £12m to £74m as a result of increased hospitality sales in the first season’s use of the new stand, but bank debt rose from £22m to £67m.

The current figures do not take into account last summer’s combined spend of £80m on Mohamed Salah, Alex Oxlade-Chamberlain and Andrew Robertson, or the January arrival of Virgil Van Dijk. The figures also do not include the £142m January sale of Philippe Coutinho to Barcelona.

“These results are approaching a year old. Further progress and reinvestments have continued to be made both on and off the pitch,” said chief operating officer Andy Hughes.

“Our recent capital projects which include the Main Stand, the new retail store, the combined training ground and the new pitch at Anfield will be close to £200m which further demonstrates the commitment from this ownership.”

About MikeThePundit (745 Articles)
MikeThePundit officially Michael Imianvan is a SPORT BROADCAST JOURNALIST.... Host/Anchor of Sport Shows on TV/Radio. Biased for all things sport. #PhoneticsFreak

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