Liverpool will invest in the squad during the summer transfer window after posting a £39 million profit for the year spanning up to 31 May 2017, a record under the ownership of the Fenway Sports Group.
As reported by David Maddock of the Mirror, the club released the figures on Thursday, and COO Andy Hughes promised the improved finances will result in more spending in the transfer market:
''With the full support of this ownership group, we have significantly improved the club’s financial position over the past seven years, and these results further demonstrate our solid financial progress—despite the ever-rising costs in football.