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Liverpool made world record pre-tax profits of £125 million in the year to May 31 2018, the club have announced.

The financial results were boosted by their run to last season’s Champions League final and the January sale of Philippe Coutinho to Barcelona for £142m.

Liverpool’s turnover increased by £90m to £455m, with all three major revenue streams showing improvement.

Media revenue increased by £66m to £220m, while commercial revenue rose by £17m to £154m. Matchday revenue, meanwhile, went up by £7m, rising to £81m.

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

“This growth and increase in revenue has enabled us to significantly reinvest both in the playing squad and the football operational infrastructure.

“Financial results do fluctuate depending on player trading costs and timing of payments, but what’s clear in these latest results is the further strengthening of our underlying financial footing and profits being reinvested in the squad and infrastructure.”

Liverpool’s £125m profit broke the world record for the biggest pre-tax profit made by a football club during the 2017-18 financial year, the club’s latest accounts have revealed.

The total eclipsed the £92m made by Leicester in 2016-17 — the season after their shock Premier League win.