Liverpool announce world record £106m net profit

Liverpool announce world record £106m net profit

In their yearly financial results, the Reds made an annual pre-tax profit of £125m - up from £40m - as turnover increased in the 12 months to May 2018 by £90m to £455m, also a record.

Liverpool were boosted financially by a run to the Champions League final last season, which earned an estimated £72m.

They were also helped by midfielder Philippe Coutinho's £142m transfer to Barcelona in January 2018.