GUARDIAN – Liverpool announce first profit in seven years thanks to Premier League TV deal

• Profit before tax for 2013-14 of £900,000• Net debt grew from £12.2m to £57.3m• Coutinho mirrors Liverpool’s difficult startLiverpool have announced a first profit in seven years thanks mainly to the Premier League broadcasting deal that increased revenue to £255.6m in the year ending 31 May 2014.The club’s profit before tax was a modest £900,000 but, compared to a loss of £49.8m in 2013, the sum underlines the financial recovery that owners Fenway Sports Group have implemented since taking over from Tom Hicks and George Gillett in 2010. The figures also demonstrate why Liverpool were last week cleared of any financial fair play breaches by Uefa, who had studied the club’s books following the 2012-13 losses plus a £40.5m loss in the 10-month period before then. Continue reading…