Liverpool set for major summer transfer fund boost as club posts £500m turnover

Posted Friday, February 28, 2020 by Dailystar.co.uk

Liverpool are the best team in the world right now on the football pitch, and things are going well behind the scenes too if their financial books are anything to go by

Liverpool could splash the cash this summer after recording a turnover of over £500m this financial year following their Champions League triumph.

The Reds have certainly made a habit of winning on the pitch, but they also seem to be doing pretty well off it too.

One of the best years in the club’s recent history, Liverpool’s Champions League title and second place finish in the Premier League secured them an increase of nearly £80m in turnover.

It’s not like Liverpool didn’t spend money either, with huge tranfer outlays for Alisson Becker (£65m), Naby Keita (£52.5m), Fabinho (£39.3m) and Xherdan Shaqiri (£12m) all included.

The number even tallies in the huge amounts spent in the summer of 2018 for the likes of Alisson and Keita (Image: GETTY)

The brand new £50m training base in Kirkby is also included on last year’s books, as well as 11 contract extensions which will presumably have seen a rise in the wage budget.

In total, Liverpool managed to bring in an astonishing £42m in profit, which could well be spent this summer on the likes of Timo Werner or Jadon Sancho.

"This continued strengthening of the underlying financial sustainability of the club is enabling us to make significant investments both in player recruitment and infrastructure,” Liverpool chief operating officer Andy Hughes said.

Liverpool set for major summer transfer fund boost as club posts £500m turnover
Liverpool success in the Champions League no doubt gave a huge boost to their numbers

"Being able to reinvest over £220m on players during this financial period is a result of a successful business strategy, particularly the significant uplift in commercial revenues.

"The cost of football however does continue to rise in transfers and associated fees but what’s critical for us is the consistency of our financial position, enabling us to live within our means and continue to run a sustainable football club.

"What we’re seeing is sustained growth across all areas of the club which is aligned to the recent performance on the pitch.

"Since this reporting period we have continued to reinvest in the club’s infrastructure, and we look forward to the opening of our new training base at Kirkby ahead of the new season which will provide first class facilities for our players and staff.

"We have also just completed a second phase consultation on a proposed expansion of the Anfield Road Stand which could see an increase in the stadium’s capacity, giving even more supporters the opportunity to see the team.

"There is more work to do and, importantly, we will continue our dialogue with all key stakeholders including local residents, businesses and community groups.”