HighlightSports

Liverpool expected to become first club with €100m annual net profit

745


Liverpool are expected to become the first club in the world to report an annual net profit of more than €100 million (£88.3m), according to new estimates.

The record finances come largely thanks to a Champions League final spot worth €81.3m (£71.7m) and the sale of Philippe Coutinho in January 2018 to Barcelona, valued by some experts at €130m (£115m).

Having failed to qualify for Europe’s elite competition in 2016-17, the Champions League run will be recorded as pure top-line growth, according to calculations by the Inside World Football website.

Big-money signings including Virgil van Dijk, Mohamed Salah and Alex Oxlade-Chamberlain are likely to be spread over the length of their respective contracts for accounting purposes.

Turnover, which reached £364m in 2016-17, could soar to more than £450m, when accounts are published by Companies House in March, according to the estimate.

Liverpool - Liverpool expected to become first club with €100m annual net profit

 

The calculations come after a Uefa report on club finances hinted Liverpool have broken profits record set by Leicester City in 2017.

“Uefa Champions League prize money of €82m drove Leicester City to the highest net profit in history in FY2017 (€98m), beating the previous record of €78m set by Tottenham Hotspur in FY2014 (with Liverpool FC set to break that record again in FY2018),” according to Uefa’s European Club Footballing Landscape.

 

 

Author

See also  Lagos Speaker, lawmakers receive protesters, hail NLC for peaceful conduct

Leave a comment

Related Articles

Lagos Tragedy: Two Dead, Warehouses Razed as Gas Tanker and Trailer Collide

A tragic gas explosion in the Ajah axis of Lagos claimed two...

Tony Elumelu Foundation disburses $100m to 24,000 young African entrepreneurs

The Tony Elumelu Foundation (TEF) has deployed $100 million in seed capital...

“A Senior Super Eagles Player Bounced Me During My 2017 Debut” – Victor Osimhen

Galatasaray and Super Eagles forward Victor Osimhen has shared a memorable anecdote...

Day 21 of War: US Signals De-escalation as Trump Eyes Exit Strategy

U.S. President Donald Trump has signaled a potential de-escalation of military operations...