Liverpool's Announce Huge Revenue Growth In Annual Financial Report

Liverpool are not having massive success in the Premier League only but are also doing enviably good financially and it is evident in their end of the year financial report until May 31, 2019.

Reds recorded profit growth of more than 50% of what they announced in their previous financial year profit (£42m) and most of these gains are reportedly coming from stadium income, commercials, and TV rights. Presently, the total revenue stands at £533m after reinvesting their profit of £78m year in year out.

Explaining how they were able to achieve that much, the club's executive Andy Hughes revealed that reinvesting in their players helped in uplifting their commercial revenue and so did in infrastructure and signing of new players.

"The underlying financial sustainability of the club is enabling is to make significant investment both in player recruitment and infrastructure," he revealed in a statement. "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 revenue."

They have been trophy-ladened since last season, winning the Champions League, UEFA Super Cup, and Club World Cup, and are racing to clinch the Premier League title for the first time since 1989-90, obviously, they have the right achievements to be financially bold.

Also, Red just signed a mouth-watering shirt sponsorship deal with Nike and the contract which is reportedly the biggest in the Premier League will last for five years. They were previously sponsored by New Balance before Nike took over and signed a five-year contract of £80m with the club in January.