Liverpool announced their financial results today and they are unmistakably a success story, dovetailing progress off the pitch with the strides Jürgen Klopp and his side are making on it.

Profit after tax stands at £39 million for the year up to May 2017, compared to a £21 million loss in 2016, while overall revenue increased to £364 million. Commercial revenue grew by £20 million to £136 million, £208 million was spent on wages and net debt stands at £67 million.

Fenway Sports Group have brought stability and, even allowing for the influx of money from TV deals which have helped to transform the finances of all top-flight clubs, run Liverpool in a much more savvy and sophisticated way than ever before.

Liverpool have enjoyed success on and off the pitch ALEX BROADWAY/GETTY IMAGES

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