LIVERPOOL INCURRED A loss of £49.8million (€60m) in the financial year ending May 31, 2013, new accounts have shown.
Although the Premier League club’s turnover rose by nine per cent to £206.1million in the 12-month period, with debt falling by 29 per cent to just over £45m, their latest figures show they still suffered a significant after-tax loss.
A statement on Liverpool’s official website read: “Since Fenway Sports Group (FSG) completed its takeover of Liverpool FC in October 2010, revenue has steadily increased year on year and external debt has decreased overall by nearly £200m.
“Despite the club dropping three places to 12th in Deloitte’s Football Money League, Liverpool remains the highest ranked club that is not in the UEFA Champions League.
“Its commercial revenue now accounts for 47 per cent of the total revenue, which is bettered by only the Money League’s top six.”
Managing director Ian Ayre said the figures are a sign of Liverpool’s ongoing development, with the club currently second in the Premier League table and on course for a lucrative return to the Champions League following a four-season absence.
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,” he said.
“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.
“During the period, we signed six new players including Daniel Sturridge, Philippe Coutinho and Joe Allen, and we extended seven players’ contracts … adding strength and depth to the squad while continuing to develop young talent.
“Given where Liverpool Football Club was only a few years ago, the progress that has been made since FSG acquired the club has brought back much-needed stability with an ambitious vision which everyone is focused on.
“I’d like to thank everyone involved in running the club – our owners, fans, partners, players and staff – for all the hard work and dedication.”
Linda Pizutti is a vixen.
Why is the headline all about the losses? That article is nothing but positive! Reducing debt so massively is what I’d be focusing on!
The article is mainly made up of a statement from Liverpool FC and quotes from Ian Ayre, hardly surprising that it paints Liverpool in a positive light.
Sure the facts are thre in front of ya under hicks and Gillette the pool were 300 mill in debt with FSG they are little over45 mill indebt
How much would getting to the group stages of CL be worth?
Below is the prize money.
Hopefully it shows up properly.
However this does not include the share of broadcast moneys from UEFA, which is usually higher than prize money.
Group stage entry: €8.6 mill
Group stage win: €1 mill
Group stage draw: €500,000
Round of 16: €3.5 million
Quarter-finals: €3.9 million
Semi-finals: €4.9 mill
Losing finalist: €6.5 mill
Winning Final: €10.5 million
€30-35 mill all told, I reckon.
Cool,cheers
They look like Europa league figures
Sure the sale of Suarez will raise a few pounds to keep the bailiffs at bay
They’ll have to sell him Spoddgy , doesn’t looking like there’s any money for buying players now , thought that myself when they didn’t stump up the extra 1m cash for Salah .
This another a**e from aresenal
??? Where’s that?
Dont worry LFC, im sure the Irish bar-stoolers will cover the costs, where is Liverpool in Irl?
Whats Irl?
Bitter much!
Haha good one Michael, your a sharp one
Troll Ahoy!
Paul mallon – “you’re”
Man U for inter-toto.
#Moyesin
Must be hard to be so annoyed about fans supporting clubs other than their home town clubs, theres a lot of it about. Maybe a quick call to Joe Duffy could release some pressure!
These guys need a new stadium, owners need to invest and now is the time to do it.
Yuup, they have been mulling over expansion for ages now.
They need to get a move on.
Suppose Suarez’s new contract was more a short term investment than a long term one then?
Was it wise to release a statement like this now going into the final third of the season and a fight for champions league places. Could just generate pressure.