Liverpool post healthy profit despite transfer spending

first_img Read Also: EPL: Van Dijk praises Liverpool’s mental strength “Since this reporting period we have continued to reinvest in the club’s infrastructure, and we look forward to the opening of our new (£50 million) training base at Kirkby ahead of the new season, which will provide first-class facilities for our players and staff. “We have also just completed a second-phase consultation on a proposed expansion of the Anfield Road stand, which could see an increase in the stadium’s capacity.” FacebookTwitterWhatsAppEmail分享 Premier League leaders Liverpool made a pre-tax profit of £42 million ($54 million) last year despite a record £223 million investment on players, figures showed on Thursday. Liverpool have announced healthy financial results as they close in on the Premier League title While that top line is well below the record £125 million profit for the year ending May 2018, the rewards are being felt on the pitch, with the club just four victories away from winning their first league title in 30 years. Figures released for the financial year to May 31, 2019 incorporate the big-ticket purchases of Alisson Becker, Naby Keita, Fabinho and Xherdan Shaqiri. They also include the increased costs of new contracts for 11 players, including those for captain Jordan Henderson, Mohamed Salah and Sadio Mane, who have all played a key role in helping Jurgen Klopp’s champions-elect establish a 22-point lead at the top of the table. Some of that cost was offset by sales including Danny Ings, Dominic Solanke and Danny Ward. Income was also boosted by the club’s success in winning a sixth Champions League title, although as victory in the final in Madrid came in June the prize money will be counted in the current financial year. “This continued strengthening of the underlying financial sustainability of the club is enabling us to make significant investments both in player recruitment and infrastructure,” said chief operating officer Andy Hughes. “Being able to reinvest over £220 million on players during this financial period is a result of a successful business strategy, particularly the significant uplift in commercial revenues.” Promoted ContentWho Is The Most Powerful Woman On Earth?8 Superfoods For Growing Hair Back And Stimulating Its GrowthBirds Enjoy Living In A Gallery Space Created For ThemDisney’s Live-Action Simba Was Based On The Cutest Lion Cub Ever7 Mind-Boggling Facts About Black Holes8 Things To Expect If An Asteroid Hits Our PlanetWhat Is A Black Hole And Is It Dangerous For Us All?Ever Thought Of Sleeping Next To Celebs? This Guy Will Show You23 Marvel Heroes Reimagined By CaricaturistBest Car Manufacturers In The World7 Facts About Black Holes That Will Blow Your Mind9 Facts You Should Know Before Getting A Tattoo Turnover increased during the period by £78 million to £533 million. Media revenues and commercial revenues were significantly higher and match revenue was also up. The rise is a result of a new Champions League broadcasting deal, finishing a close second to Manchester City in the Premier League and higher partnership and merchandising value, with Liverpool signing their first training kit sponsorship deal with AXA. “What we’re seeing is sustained growth across all areas of the club which is aligned to the recent performance on the pitch,” said Hughes. Loading… last_img read more

Hazard praises Lampard’s early managerial success at Chelsea

first_imgRelatedPosts Lampard: I still have confidence in Tomori Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Eden Hazard believes former Chelsea team mate Frank Lampard has the platform to become the one of the best managers in the world after a bright start to his reign at Stamford Bridge.Hazard left Chelsea to join Spanish giants Real Madrid at the start of the season, just before Lampard replaced Maurizio Sarri as manager at the west London club.Lampard has steadied the ship at Chelsea after a difficult start, guiding them to six consecutive Premier League victories and level on points with second-placed Leicester City heading into the international break.When asked if he was surprised by Lampard’s instant impact at Chelsea, Hazard told reporters: “No, not at all.“I know Frank as a player, not as a manager, but he’s a great guy. He’s showed already after four months that he can be one of the best managers in the world.“The good thing is that they are playing with young players, young English players. For England it’s good, for Chelsea it’s good. They are lucky to have young players with quality.”Lampard was handed a squad with a two-window transfer ban, leading to more opportunities to English youngsters such as Mason Mount, Fikayo Tomori, Reece James and Tammy Abraham – Chelsea’s top scorer in the league with 10 goals this season.“I don’t know (if the transfer ban has actually been good for Chelsea),” Hazard added. “Maybe with two or three more players, they would be first.” Tags: ChelseaEden HazardFrank Lampardlast_img read more

Monte Kiffin returns to the NFL with Cowboys

first_imgWhen former USC assistant head coach Monte Kiffin announced on Nov. 29 that he was resigning from his post to pursue NFL coaching opportunities, many questioned whether the 72-year-old would garner much attention after a disappointing stint at USC.Yet Kiffin’s failure to meet expectations at USC did not dissuade the Dallas Cowboys from hiring the longtime NFL coach as the team’s new defensive coordinator on Jan. 11 — three days after the Cowboys controversially fired Rob Ryan, whose injury-depleted defense ranked 19 in the NFL in total yards allowed in 2012.Kiffin earned his reputation as a defensive guru during his 13-year tenure as the Tampa Bay Buccaneers defensive coordinator, during which he became known as the architect of the famed “Tampa 2” defensive scheme that many teams still use today. In addition to winning the Super Bowl in 2002, the Buccaneers finished in the top 10 in total defense and scoring defense in 11 of Kiffin’s 13 years.Unfortunately for Kiffin, USC players failed to adapt to the Tampa 2, which stresses speed instead of size. In the three years prior to Kiffin’s arrival, USC defenses surrendered an average of 278.5 total yards and 14.9 points per game. Under Kiffin’s watch from 2010-12, however, USC defenses surrendered an average of 390 total yards and 24.9 points per game.The undoubted nadir of the 2012 season occurred during a two-game stretch against Arizona and Oregon in which USC gave up a combined 1,318 yards and 101 points to the two high-powered spread offenses. Following those defensive meltdowns, an offseason shakeup on the defensive coaching staff seemed inevitable, with Kiffin representing the most likely candidate to depart given his age and reluctance to force his son, USC coach Lane Kiffin, into the unenviable position of firing or demoting his father.With National Signing Day for high school recruits fast approaching, Lane Kiffin continues to seek an outside hire with a demonstrated knack for stopping spread offenses to replace his father. As several high-profile recruits make official visits this weekend, there is added urgency for the Trojans to announce a new defensive coordinator. Many defensive recruits are reportedly hesitant to commit to USC in blind faith before having a chance to see how they will fit into the team’s new defensive philosophies and schemes.last_img read more