Liverpool post losses of over €60 million

Managing director happy club are moving in the right direction off the pitch


Liverpool made a loss of over €60 million in their last financial year but managing director Ian Ayre insists the club are heading in the right direction with reduced debts and record turnover.

Figures released for trading up to the end of May 2013 show the Reds made a loss after tax of €60.3 million.

The previous year the deficit was €49.1 million , but that was for a 10-month period as the club re-aligned their accounting period with the football season.

But with turnover increasing by nine per cent to €250 million and external debt down by 29 per cent to €55 million — courtesy of an interest-free, inter-company loan from owners Fenway Sports Group — Ayre is upbeat about their future performance.

This year’s finances will be boosted by a huge new television deal while the club, second in the Premier League table and six points clear of fifth-placed Tottenham, are on course to qualify for the Champions League.

“These results demonstrate that the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch,” Ayre told the Liverpool Echo.

“With a hugely supportive ownership group, we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch.”

Sign In

Forgot Password?

Sign Up

The name that will appear beside your comments.

Have an account? Sign In

Forgot Password?

Please enter your email address so we can send you a link to reset your password.

Sign In or Sign Up

Thank you

You should receive instructions for resetting your password. When you have reset your password, you can Sign In.

Hello, .

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

Thank you for registering. Please check your email to verify your account.

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.