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Liverpool on course for profit record

Liverpool have been forecast to break the world record for the highest net profit made in a season by a football club. The record is held by Leicester City who made a £80m profit (£92.5m before tax) the season after their 2015/16 Premier League title win when they played in the Champions League for the first time. The 2016/17 season was also the first year of the new Premier League TV deals. Tottenham Hotspur held the record before Leicester City, largely because the sale of Gareth Bale to Real Madrid for £85m in 2013.

Liverpool's profits could exceed £100m, although the club has used the income to reinvest in players and facilities. It would be a remarkable turnaround for a club that lost £42.6m in 2007/8.

Income has been boosted by three factors. First, there has been a surge in revenue from player sales. All transfer fees are spread out over the lifetime of a player's contract so the most recent signings such as the goal keeper Alisson will not be included in the 2017/18 figures.

The second factor is the boost in income Liverpool received from reaching the Champions League final last season. They earned £72m from the competition. The third factor is the income from the Premier League's domestic and overseas TV deals.

Uefa reports show that Premier League clubs account for 27 per cent of all revenue in Europe's top flights, compared with 14 per cent for La Liga.

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