Liverpool cut its debt down by nearly 1/3 last season, but still lost approximately $83 million during the 2012/13 season.
But the club is touting the numbers as progress towards stability and profit in the big money world of English football, especially when you consider the prospect of making money in European football next season (something they were unable to achieve in 2012/13).
American owners Fenway Sports Group poured over $78 million into the club to reduce their stadium debts at Anfield, which is a big part of the gains.
Club managing director Ian Ayre said: “These results demonstrate that the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch.
“Over the past four or five years, revenue has been consistently increasing from around £170m in 2009 to over £200m today, and external debt has decreased significantly to less than £50m.
“With a hugely supportive ownership group, we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch.”
Perhaps Liverpool can make a run from their No. 9 spot the Deloitte Money League soon, as they chase the world and fellow English clubs Manchester United, City, Arsenal and Chelsea.