Liverpool seems to have been through a really sorry financial state of late. The esteemed football club has reportedly experienced an exorbitant 50 million pound loss in 2012-2013.
However, the doomed picture of the financial state doesn’t look much bothersome for the club officials. As per the sources, Liverpool are of the opinion that despite a catastrophic 2012 & 2013, they have started proceeding towards the right commercial direction. Last season only, the club reduced its pending debts by 29 percent to 45.1 million pounds as the revenue rose up by 9 percent to 206.1 million pounds.
The positive financial recovery can be credited to a grand cash inject of 46.8 million pounds by Fenway Sports (owner of Liverpool FC). The lofty cash push enabled the club to clear a stadium debt.
The Reds, who are in the second position at the table after Chelsea, are hopeful to take part in Uefa Champions League the coming season. Liverpool haven’t participated in Europe’s esteemed club competition from 2009-10, yet qualification in the championship would get lucrative revenues for them. With ten league matches to play, the Reds have the opportunity to win on their 1st English championship right since 1990.
“These results display that our financial health is progressing on a positive note as we are going on with the mission of club transformation both off & on the pitch”, remarked Ian Ayre, the Liverpool managing director. “Over the last 4-5 years, our revenue structure has been on rise consistently from nearly 170 million pounds in 2009 to more than 200 million pounds today. The external debt dues have faced a significant reduction as well- getting to lesser to 50 million pounds. With our huge supportive ownership team, we have been able to take up a right measured angle to straighten our financial stability.”