Liverpool's Debt Doubles - Report

The club have announced pre-tax profits, but owe even more money to creditors than they did last year...
Liverpool's balance sheets at the end of a season where they came close to ending a 19-year drought of league titles make interesting reading, according to The Liverpool Echo.

Debts at Anfield have apparently risen from £44 million at this time last year, to a total of £86 million, despite the club also reporting increases in revenue across the board, and pre-tax profits of £10.2 million.

Turnover has risen from £133.9 million last year, to a £159.1 million, with the major cause of that increase being the continued lucrative television deals that the Premier League continues to maintain with broadcasters Sky and the BBC.

The recruitment of Javier Mascherano, Diego Cavalieri, Andrea Dossena, David Ngog and Robbie Keane meant that the club's net spending on transfers also increased, rising from £22 million to £28 million.

The accounts are set to be posted with Companies Houses today, in accordance with United Kingdom law.

What that debt means for the club's summer transfer spending is unclear as yet, but manager Rafa Benitez has clashed in the past with the team's American ownership over transfer policy, and the size of that debt will concern many fans of the Merseyside outfit.

Zack Wilson,