Premier League giants Liverpool are all set to become the first club to register profits which will cross the €100million (£88.2m) mark. The figures are reflective of the steady progress which the Reds have made on the field under charismatic manager Jurgen Klopp which has directly impacted their business off it.
Two major factors are likely the key reason for the surge in profits which Liverpool will register in the previous financial year.
The first one is the record sale of Brazilian playmaker Philippe Coutinho to Spanish giants Barcelona which earned the club a reported £145m. That income was spent largely on the recruitments of two high-profile signings such as defender Virgil van Dijk for £75m and goalkeeper Alisson for a fee reported to be around the £67m mark.
Liverpool also reached the finals of the UEFA Champions League where they lost against Real Madrid. Their run to Kiev earned the club around the €81.3m (£71.7m) mark which was a huge growth considering the fact that Liverpool was absent from the competition for a few years according to a report in Football Insider.
Liverpool will submit the report for their 2017-18 season to Company House in March.
The current record for the maximum amount of profit in a year still belongs to Liverpool’s Premier League rivals Leicester City.
The Foxes registered a profit of €92.5m in the 2016-17 season, a year after they won the Premier League crown. Even their record profit was aided by their run in the UEFA Champions League where they reached the quarter-finals.
Liverpool could increase the profits even further next year as they have their best chance in quite a while to clinch the Premier League crown. They currently sit at the top of the standings, four point ahead of their nearest rivals Manchester City.
Liverpool are also still competing in the UEFA Champions League, where they will next face the mighty Bayern Munich in the Round of 16.