Liverpool record annual profit for first time in a decade

Liverpool have staved off the very real threat of a European ban, by making a profit for the first time in a decade.

The Reds have released their financial results for the year to May 31 2014, and they show a massive increase in performance, with revenues increased by 19 per cent to £255m, catapulting the club to 9 in Deloitte's Money League.

But it is the headline profit and loss account that is the biggest news for the Anfield outfit, with the club overturning a loss of £50m last year, to instead make a small profit of almost £1m.

That is significant because Liverpool were facing the threat of a ban under Financial Fair Play rules, with UEFA investigations judging them to have broken rules over spending beyond their means.

...DailyMirror