Liverpool Football Club made a pre-tax profit of more than 100 million pounds following record annual revenues of 455 million pounds in the last financial year, the club’s latest accounts show.

The club’s annual accounts for the financial year to May 31, 2018 show pre-tax profits grew by more than 300 per cent from 40 million pounds to 125 million pounds, despite a club-record 190 million pounds invested in the playing squad.

Liverpool’s run to last season’s Champion League final helped drive revenue

Commercial revenues were also driven by eight new partnerships including a five-year deal with financial services company who became the club’s first ever shirt-sleeve sponsor.

Andy Hughes, LFC’s chief operating officer, said: “What we have seen is a stable and sustained improvement in the club’s financial position over recent years.