HighlightSports

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

1k
Advertisement




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  Service chiefs appointments: Nigeria may lose at least 20 generals senior to the new appointees

Leave a comment

Related Articles

48hrs to ‘Chaos in the Ring’, Nkechi, Phyna clash at press conference

By Segun Adebayo Nollywood actress Nkechi Blessing and former Big Brother Naija...

Dangote Presses On With $16bIn Kenya Refinery After Court Order

By Samuel Akpan Dangote Group has declared that a Kenyan court directive...

CBN Floats ₦2.5trn in OMO Bills to Mop Up ₦2.43trn Maturity

By Samuel Akpan The Central Bank of Nigeria (CBN) has floated a...

Otedola Hails Tinubu’s Bold Reforms After Paris Dinner

By Samuel Akpan Billionaire Femi Otedola declared on Tuesday he remains proud...