LONDON (Agencies): Liverpool posted a world record-breaking £106 million ($137 million) net profit last year even after spending £190 million on new players, according to financial results announced on Friday.
The club’s profit before tax was £125 million — up from £40 million — with the club benefiting from increased revenue both on and off the pitch from a run to the Champions League final in Kiev, where they were beaten by Real Madrid.
Turnover increased by £90 million to £455 million in the 12 months to May 31 last year, with media revenue, commercial revenue and matchday revenue all up.
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Source: The Frontier Post
