July 4, 1975
Liverpool had a profit of £94,130 last season when they did not win a major trophy but finished second in the League after yet another successful season.
The profit was £10,000 down on last year. Although attendances were less than the previous season, the income was up because of increased admission prices. But this improved “tale” was reduced by an increase in transfer fees, from £62,059 to £103,375.
Gate receipts rose from £817,741 to £856,797, but less was paid to visiting clubs. The overall income from all matches, including programmes and catering, was £782,974 compared to £701,289.
Wages and salaries stayed constant at £346,574 (£365,874), but travelling expenses indicated the leap in costs of travel and hotel – from £42,279 to £64,101.
The balance sheet shows that the club to be in its usual sound financial state, the cash picture of a thriving and successful organisation.
In hos annual statement, chairman John Smith makes reference to all those who played their part in the year’s story. Referring to the departure of Bill Shankly and the appointment of Bob Paisley to the managerial chair, he says:
“No words of mine can adequately pay tribute to the service Mr. Shankly gave over 15 years to our club. The contribution he made to football in general, and our club in particular, will not soon be forgotten.
“I have no doubt that the stability which has been in evidence for so long at Anfield will be continued by Mr. Paisley, who I believe has a great deal to offer to the club.”
The annual meeting will be held on July 25.
(Source: Liverpool Echo: July 4, 1975; via http://www.britishnewspaperarchive.co.uk) © 2018 Findmypast Newspaper Archive Limited