July 4, 1974
Anfield players hit pay jackpot
Boom days at Liverpool have brought boom pay packets for some of the players. The annual report, published to-day, states that six “employees” received between £10,000 and £12,500 – one other “employee” received between £12,500 and £15,000.
This is similar to last year when there was the League and UEFA Cup double to celebrate. This time it is the FA Cup and runners-up position in the League – a continuing story of success which, inevitably, means bigger and bigger business for the club and its staff.
Profit for the year was £104,793, compared to £123,932 last year. But the receipts from the Wembley Final have not been included – they will come into the 1975 balance sheet. It should be added that the expenses of the Wembley weekend have not been taken into account either, and they will be very considerable indeed.
The three-day working week, and the ban on floodlights, had its effect on receipts. They were down from £815,084 to £754,132, although Liverpool’s pulling power as visitors was shown by the receipts from away games. They went up by £30,000 to £131,707.
VAT comes into account for the first time in a major way. The club paid £68,098 tax compared to only £8,914 a year. Overall expenditure was down from £657,040 to £617,404, although wages and salaries climbed from £286,639 to £365,874. Transfer fees fall from £167,065 to £65,059.
The financial statistics are impressive, but the general impression is one of a highly successful organisation, with a very sound cash background. The balance carried forward on profit and loss, for example, was £295,414 compared to £245,221.
Directors retiring by rotation are Mr. Eric Sawyer, Mr. John Smith and Mr. Jack Cross, the vice-chairman. They offer themselves for re-election at the annual meeting on July 26.
(Source: Liverpool Echo: July 4, 1974; via http://www.britishnewspaperarchive.co.uk) © 2018 Findmypast Newspaper Archive Limited