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Klopp desperate to end Liverpool trophy drought

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first_imgHe has lost his past six finals since winning his first with Borussia Dortmund in 2012.At his presentation as Reds boss in October 2015 he pledged to win a “title” within four years. But after three trophy near-misses, the last in May’s Champions League final against Real Madrid, he admits he does not know when that claim will come to fruition.Liverpool’s last major trophy was the League Cup in 2012 but they have not been English champions since 1990.“I have said it a few times: I have no idea when we will win something but I’m sure this club will win something,” he said in an interview with Premier League Productions.“I don’t know when so let’s have the best times of our lives until then.”Klopp added: “Nobody wants to look back in 10 or 20 years and say ‘So the best time we had without winning anything was when Klopp was here. It was so funny and all that stuff.”Liverpool have been touted as Manchester City’s closest challengers for the Premier League this season and are currently level with Pep Guardiola’s side and Chelsea on 18 points after eight matches, having yet to be defeated in the league.“If you think about it, we are maybe in the best moment for ages but a few other clubs are the same and they made the same steps so that makes it really hard,” Klopp said.“It looks like we are really on a good way and the only thing I can guarantee is that we constantly develop.”But he warned fans that he is not a miracle-worker.“As I said in my first press conference here, if anybody thinks that I can perform wonders then it could become really difficult in the future, because I can’t.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Liverpool manager Jurgen Klopp walks past the Champions League trophy after defeat to Real Madrid in the 2018 final © AFP/File / Paul ELLISLONDON, United Kingdom, Oct 12 – Jurgen Klopp says he does not want to be remembered as the “fun” Liverpool manager who failed to win silverware as expectations rise that the club can break their long trophy drought.The German manager celebrated his three-year anniversary at Anfield this week but has not tasted success despite taking the club to three finals.last_img read more

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Rising wage bills curb EPL profits despite record revenues

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first_imgTottenham posted a world-record £113mn (Sh14.8bn) net profit earlier this month thanks to increased matchday revenue from playing at temporary home Wembley last season, reaching the Champions League last-16 and improved commercial income.Liverpool had briefly held the world record for their £106mn (Sh13.9bn) profit based on reaching last season’s Champions League final and the £142 million (Sh18.6bn) sale of Philippe Coutinho to Barcelona.The participation of five English clubs in the Champions League for the first time last season helped boost revenues.However, the number of clubs posting a pre-tax loss rose as Arsenal, Liverpool and Tottenham combined for more than 75 percent of total profits.That is partly because player wages rose well in excess of revenue growth.“Almost half of Premier League clubs recorded a wages/revenue ratio of 70 percent or greater, with overall wage spend increasing 15 percent to £2.9 billion,” said the report.“This had a direct impact on clubs’ collective operating profitability, falling to £0.9 billion, albeit still the second highest in Premier League history.”The rise in wages came on the back of record transfer windows for spending by Premier League clubs in the summer of 2017 and January 2018.Yet, with the rapid growth in TV rights deals slowing for the 2019-2022 cycle, Deloitte expect that spending on transfers and wages may decline in coming seasons.“With the total value of Premier League broadcast rights expected to only marginally increase in the 2019/20-2021/22 broadcast rights cycle, increases in wage and transfer expenditure may be expected to slow in the medium term, as already signalled by the reduced estimated £1.4 billion gross transfer spend in the current season,” said Tim Bridge, director in the Sports Business Group at Deloitte.“With the emphasis now on clubs to generate revenue growth from sources other than central broadcast distributions, it may be that we see the levels of pre-tax profit diminish over the next few years.”0Shares0000(Visited 5 times, 1 visits today) 0Shares0000The Premier League trophy © AFP/File / CHRIS J RATCLIFFELONDON, United Kingdom, Apr 24 – England’s 20 Premier League clubs amassed record combined revenues of £4.8 billion (Sh629bn) for the 2017/18 season, but saw profitability hit by rising wage bills, according to a report by football finance experts Deloitte.Total revenues were up six percent from £4.6 billion (Sh602bn) in 2016/17 but operating profits were just £0.9 (Sh117bn) billion due to a 15 percent increase in wages to £2.9 billion (Sh379bn).last_img read more

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