Liverpool announce pre-tax profit

Liverpool have announced a pre-tax profit of £7.5m for the 2021-22 season as the Premier League club's overall revenue rose by £107m to £594m.

During the 2021-22 campaign the Reds played in all 63 club games possible as they won the FA Cup and Carabao Cup.

They have recorded a profit for the first time since 2018-19, despite a £69m increase in administrative costs.

However, matchday revenue rose by £83m to £86m, as supporters returned following the coronavirus pandemic.

"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," he added.

Liverpool owner John Henry said this month that he is not selling the Premier League club, but added he does expect some investment.

The Champions League finalists rose four places to third in the latest Deloitte Money League study, behind Premier League winners Manchester City and European champions Real Madrid.