Sports
Liverpool Announces $42m Pre-Tax Profit
Liverpool has announced pre-tax profits of £42million for the financial period ending May 31, 2019, despite a club-record spend on players.
The club’s turnover increased by £78m to £533m thanks to rises in media, commercial and match revenue.
A new Champions League broadcasting deal and the team’s second-place finish in the Premier League under Jurgen Klopp last year also boosted profits.
Their Champions League triumph in 2018-19 is expected to be included in the next set of financial results.
The positive figures come despite a club-record £223m spend on the signings of Alisson, Naby Keita, Fabinho and Xherdan Shaqiri, as well as 11 new contracts for established first-team players.
Liverpool, who became champions of Europe for the sixth time last June, are seventh in the Deloitte Football Money League, a rise of two places from the previous financial year.
Andy Hughes, Liverpool’s chief operating officer, said via the club’s website: “This continued strengthening of the underlying financial sustainability of the club is enabling us to make significant investments both in player recruitment and infrastructure.
“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.”
The club have also boasted of six million more social media engagements than any other Premier League club during the 2018-19 season, while they say investment in the new training base at Kirkby and further planned expansion of Anfield is testament to the support of owners Fenway Sport Group.
“What we’re seeing is sustained growth across all areas of the club, which is aligned to the recent performance on the pitch,” said Hughes. “There is more work to do and importantly, we will continue our dialogue with all key stakeholders, including local residents, businesses and community groups.
“These financial results and this sustained period of solid growth is testament to our ownership, Fenway Sport Group, who continue to support the club’s ambitions.
Port Harcourt the capital city of Rivers State will be at the centre stage in Nigeria as Port Harcourt Arsenal Community will hold her maiden edition of Football Fans Fiesta (FFF).
The Fiesta scheduled to hold on the 13th December, 2025, at Eddiz wine bar GRA, promises to be all football fans carnival in the State , as there will be a lot of fanfares.
The Coordinator of Port Harcourt Arsenal Community (PHAC), Ugochukwu Oputa has said that the forthcoming Football Fans Fiesta was basically to promote peace, unity and love among football fans in irrespective of the cub.
He stated that sports is a catalyst to bring peace, love and Unity in any given society, hence the occasion was initiated.
Oputa said this in an interview with sports journalists in Port Harcourt yesterday, saying that arrangements are on top gear for a successful programme.
” This event is for all football fans irrespective of your club. It is basically to promote peace, love and Unity among fans.
“It is like stating the obvious that football is the catalyst of peace and unity in the world. So the Port Harcourt Arsenal Community want to use this avenue to bring people together and foster friendship.
“There is no gate fee, but it is expected to put on jersey of your club as to make the event look unique” Oputa said.
The Coordinator used the forum to advice football fans in the world to love one another, and equally urged fans that will attend the occasion to be of good conduct and behaviour.
Tonye Orabere
Liverpool’s season of abject misery worsened as they were beaten with embarrassing ease by a hugely impressive Nottingham Forest at Anfield.
Arne Slot’s Premier League champions were looking to bounce back from a heavy defeat at Manchester City, but instead ran into a Forest side revitalised under new manager Sean Dyche and looking back to their best.
Liverpool head coach Slot gave £125m British record signing Alexander Isak a start, but he was totally anonymous once more and only lasted 67 minutes.
Forest went ahead after 33 minutes when defender Murillo shot powerfully past fit-again Liverpool keeper Alisson to subdue an already anxious Anfield.
Igor Jesus had a second ruled out for handball, but Forest doubled their advantage 39 seconds after the break when former Liverpool defender Neco Williams set up Nicola Savona for a crisp finish in front of The Kop.
Liverpool could barely raise a response in a desperate display, Forest increasing their lead 12 minutes from time when Morgan Gibbs-White scored after Alisson saved from Omari Hutchinson.
It means Liverpool, who lie 11th before Saturday’s late fixture, have now lost six of their past seven Premier League games as Slot’s near £450m summer spending spree comes under further scrutiny.
Forest, meanwhile, are surging away from the relegation zone and are up to 16th.
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