Liverpool's latest accounts show that the club reported a profit after tax of £39million. The Reds' overall revenue for the financial year to May 31 2017 increased by £62million to £364million – a sharp rise of 20.5%. Of the three main revenue streams, media went up by £30million to £154million, commercial climbed by £20million to £136million and matchday received a £12million boost to £74million. A year ago Liverpool announced an overall loss of £21million but now they are back in the black and the latest set of results are all the more impressive considering that they cover the 2016/17 season when the Reds weren't competing in Europe. Andy Hughes, the club's chief operating officer, told the ECHO: “We are really happy and I think it reflects a continuation in the trend established since Fenway Sports Group's takeover in 2010. “There's been a complete transformation financially. From being on the brink of bankruptcy, we've now seen seven years of consistent revenue growth. It's a significant turnaround.
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