breaking revenue From Lancaster And Morecambe Citizen Liverpool made a pre tax loss of 19.
8million last year despite revenue breaking through the 300million mark for the first time. After two years in the black the burberry air force 1 club burberry handbags outlet sale dropped back into the red according to the club official accounts, released on Wednesday. The loss in the year ending May 2016 was largely due to investment in the first team squad plus pay offs to manager Brendan Rodgers sacked in October 2015 and his backroom staff. There were also six new contract extensions and some costs associated with the redevelopment of the Main Stand at Anfield. In the same accounting period the club did, however, sell Raheem Sterling to Manchester City in a 49million deal. The club are expecting to see improved results for the current financial year. Overall revenue, which has grown year on year since Fenway Sports Group took over in October 2010, increased to a record 301m, up from 297.9m the previous year when the club posted a 60m profit in the main thanks to the 75m sale of burberry flats outlet Luis Suarez to Barcelona. Commercial revenue dipped by 700,000 to 115.7m partly as a result of work on the Main Stand restricting non match day access while match day revenue increased by 3.4m to 62.4m thanks to income from a pre season tour to Australia and Asia and the team reaching the League Cup and Europa League finals. Daniel Sturridge cuts a frustrated figure at the end of Liverpool defeat to Sevilla in the Europa League final in May (John Walton/Empics) increase in the underlying revenue adds further strength to the club financial position despite the cost of football rising with player transfer fees, wages and agents costs, said chief operating officer Andy Hughes. this reporting period, we also agreed a new five year credit facility which further secures the club long term financial stability. three main revenues streams continue burberry brit usa to show strength and commercial revenues held firm irrespective of the impact of the Main Stand at Anfield. is the only club in the top 10 of the Deloitte football money league (in ninth place) that did not play in the Champions League last season demonstrating the strength of its commercial operations to support reinvestment into the playing squad.
commercial operations continue to thrive through new partnerships, global retail growth and developing our international soccer schools, with our newest academy opening recently in Australia. The investments from this ownership have been a key factor to our financial and global progress. TRACKING START GA >.
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