Liverpool’s on-field performances have done well for the club, as the club have released their financial report today and have revealed a profit of £900,000. It is the first time the Reds have announced a profit in 7 years. Liverpool announced a loss of 49.8 million last year.
Liverpool fans will be excited to hear a 19 per cent rise in revenue this year as well. Liverpool have announced a total revenue of £255.6 million for the financial year 2014-15.
Major reason of the substantial rise in Liverpool’s income this year has been the 46 per cent hike in media revenue which stood at an astonishing 100.9 million.
Liverpool have been very shrewd in tying-up great partnership deals with firms like Subway, Dunkin’ Donuts, New Balance, Nivea men and Instaforex.
Anfield club’s brand value has been on the all-time high as Liverpool are set to open 60 franchised shops across Indonesia and stores in Malaysia and Dublin.
Liverpool have initiated plans of redeveloping Anfield stadium’s Main Stand which will further add to club’s profits in coming years when the work will be done.
These figures will rise even higher in upcoming years with Premier League’s new 5bn Tv right deal which kicks off in 2016.
The only downside to the entire financial reports for 2014 was the net debt of £57.3 million. If we look at the upside to this story, Liverpool had a debt of £237 million when John Henry led Fenway Sports Group bought the club back in 2010.
Liverpool 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.
“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.
“With a hugely supportive ownership, we have brought financial stability back to this football club and we now have the right structure, platform and ambition to continue growing on and off the pitch.”
Stats and Quotes Credits: liverpoolfc.com