Liverpool vow to spend after posting £39 million profit

Liverpool have pledged to backboss Jurgen Klopp in the transfer market after their accounts returned to profit with a £39 million ($53 million, 44 million euros) surplus recorded in the latest financial results.

The Reds had made a £21 million loss for the year ending May 2016, but they benefited from a £30 million increase in media revenue from the first year of the new three-season Premier League broadcast deal.

Liverpool’s commercial revenue grew by £20 million thanks to 12 new sponsorship partnerships. A first season for Anfield’s expanded Main Stand saw match day revenue increase by£12 million to £74 million mainly as a result of increased hospitality sales.

Liverpool’s overall revenue for the financial year to May 31, 2017 increased by £62 million to £364 million – a sharp rise of 20.5 percent. The figures do not take into account Liverpool’s combined spend of £80 million on Mohamed Salah, Alex Oxlade-Chamberlain and Andrew Robertson last year.