Liverpool have announced a record revenue as pre tax-profits reach £125m.

The Reds' annual accounts for the financial year to May 31, 2017 show pre-tax profits grew by more than 300 per cent from £40m to £125m.

Andy Hughes, LFC's chief operating officer, said: "What we have seen is a stable and sustained improvement in the club's financial position over recent years.

"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.

"Since the reporting period, which is now nearly 12 months old, we have continued reinvesting in the playing squad from those areas of growth. In addition, the capital investment in our new training complex in Kirkby is well underway which will provide first-class amenities for our players and staff, and will vastly improve sports facilities for the community of Kirkby."