Liverpool record pre-tax profit despite soaring costs

Liverpool made a pre-tax profit of £7.5million (€8.55m) last season, with rocketing off-field costs reducing the overall benefit of a £107m (€121.9m) increase in revenue.

In a campaign in which the club came within two matches of winning an unprecedented quadruple, finishing with an FA Cup and League Cup double, revenue rose to £594m (€676.8m).

That was back to pre-pandemic levels and resulted in a first profit in three years, with the accounts coinciding with the first full season without any coronavirus restrictions.

However, with inflation running in excess of 10% and against backdrop of a European energy crisis, the club's utilities costs have doubled in the last year.

Administrative expenses increased by £69m (€78.6m) to £545m (€621m), due to an increase in salary costs and matchday overhead costs.

"Some of the numbers in these latest accounts look slightly skewed as a result of the previous reporting period being impacted by the global pandemic," managing director Andy Hughes said.

"However, the underlying strength of our financial position remains strong and we continue to operate a sustainable club, which is our main objective from a financial perspective.

"It was really great having supporters back at Anfield and returning to some sort of normality after a really challenging period for everyone.

"The cost of running a football club does continue to rise but we maintain our position of growing this club with significant investment with new and existing players signing contracts and the construction of the new

Anfield Road Stand, which we look forward to coming on stream in the summer.

"In the last five years we have invested over £250m in infrastructure and created world-class facilities for our players, staff and