Liverpool Football Club will hold their AGM for shareholders on
Thursday 23rd February.
The latest financial report will show that the Reds made a
profit after tax of £7.53million
last year compared with the previous year's loss of
£18.22million.
Net debt though has risen from £15.38million to
£17.14million.
Turnover has risen by 32% to £121.05million compared to the
previous year's £91.57million with the wage bill reduced from
£66million to £64million 53% of overall turnover, compared to 72%
the previous year.
In the annual report, Chairman David Moores said that the 37 points
difference between Liverpool and Chelsea last season "should not be
acceptable" and he added that coming 5th was "sobering".
Mr Moores was full of praise for manager Rafael Benitez who's
success in the Champions League certainly took the pressure off the
Liverpool board as a result.
He said: "He has not shirked from difficult decisions - and since
the change of manager, significant changes have occurred."
Mr Moores believes that "real and tangible progress is under way"
following Liverpool's 5th European Cup victory which he described
as merely the "first chapter in the modern-day history" of the
club.
"This is a valuable springboard for further and sustained success,"
said the chairman.
