Liverpool Record Second Consecutive Year of Profit

English Premier League club Liverpool have announced a second consecutive year of profit in its latest financial results for the year to May 31, 2015.

The club has largely attributed this year’s profit on the sale of Luis Suarez to Barcelona for a reported fee of around £75 million.

Liverpool’s finances continue to grow year on year since Fenway Sports Group (FSG) took ownership in October 2010.

Profit before tax was £60m compared to £900,000 in 2014, with revenue increasing by 16.5 per cent to £297.9m and commercial revenue increased by 12 per cent to £116.3m.

Owners FSG also converted £69m of debt into equity and invested £49m for stadium expansion costs.

Ian Ayre, chief executive officer at Liverpool FC, said: "This year the profit reported has significantly increased, which is mainly a result of the sale of Luis Suarez in July 2014 and that has already been reinvested into the playing squad. 

“Our real financial position is closer to break even and it is the underlying revenue growth that’s important and provides us with the long-term stability.

"These results are almost a year old now but all areas of the club have continued making good progress and growth.

"The new Main Stand at Anfield is another significant investment by this ownership which is vital to the health of the club and part of our long-term strategy to ensure we remain competitive and sustainable."