Liverpool’s pre-tax profits soared to £125 million over the last financial year as the club reaped the massive rewards of Champions League progress.

The economic benefits of top tier European qualification and reaching the latter stages are laid bare in the Kop figures released for 2017/18. The pre-tax profit has risen from £40 million a year earlier, when Liverpool were not in any UEFA competition.

Turnover across the period has also risen significantly to £455m – a growth of £90m. Media revenue increased by £66m to £220m, commercial revenue increased by £17m to £154m and matchday revenue increased by £7m to £81m.

The profit after tax is £106 million - comfortably surpassing earlier records - although Liverpool have been swift to point out ahead of releasing the figures how much of their revenue has been pumped straight back into the playing squad.

Liverpool say they invested £190 million into assisting Jurgen Klopp’s ongoing building of a title challenging side, inclusive of transfer and agents’ fees.

Club record fees were paid for Naby Keita, Virgil Van Dijk and Alisson Becker, and star names were rewarded with contract extensions.