Overall revenue for the year ending May 31, 2017 amounted to £364m (€411.4m/$500.9m), which is a significant increase on the £62m that was posted in the previous year.
Liverpool reported that media revenue in the 12-month period came in at £154m, compared to £30m in 2016. This sharp increase is partially down to the domestic Premier League rights deal worth £5.14bn, covering the 2016-17, 2017-18 and 2018-19 seasons.
The club was also boosted by a rise in commercial revenue, which climbed by £20m year-on-year to £136m. Liverpool was able to announced 12 new deals in the past year, while three existing partners opted to extend agreements with the club.
Revenue was also helped by the opening of the extended Main Stand at Anfield, which increased the stadium’s total capacity to 54,074. Matchday revenue rose from £12m in the 2016 financial year to £74m.
After continued cash investment in players and capital infrastructure, net bank debt at the club increased by £22m to £67m. However, the club said that this is a “sustainable” amount, given the overall growth of its financial performance.
Andy Hughes, chief operating officer at Liverpool, said: “With the full support of this ownership group, we have significantly improved the club’s financial position over the past seven years and these results further demonstrate our solid financial progress – despite the ever-rising costs in football.
“During the seven years, we have seen operating profits one year and losses in others, a situation which can be attributed, in the main, to player trading costs and the timing of payments. What is important is the underlying trend that has continued with the aim of strengthening our financial position with profits being reinvested back into the club and players, allowing this long-term stability to become a reality.”