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19.8 million pounds

Liverpool post 19.8 million pounds loss despite record revenue

BARCELONA: Liverpool reported a 19.8 million pounds pre-tax loss for the year ended May 31, 2016, mainly due to investment in players, despite overall revenue rising to a record 301.8 million pounds. The English Premier League club's financial results reveal a significant drop on the 60 million pounds pre-tax profit posted the previous year, which was mainly due to the sale of their Uruguay striker Luis Suarez to Barcelona. The cost of sacking manager Brendan Rodgers in October 2015, the appointment of Juergen Klopp…