Jurgen Klopp could get the biggest transfer budget in Liverpool's history this summer after the club posted a huge £60m profit on their annual accounts.
According to the Mirror, the German coach will be given the go-ahead to revolutionise the squad in the transfer window as the owners, Fenway Sports Group, continue to improve the club's finances.
Covering the period from May 2014-May 2015, the accounts show a massive 12 per cent increase in turnover, bringing them within a whisker of the £300m barrier. The profit was largely generated by the £75m sale of Luis Suarez to Barcelona in 2014, but those funds have since been reinvested in the squad.
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Eight players joined last summer while Brendan Rodgers broke the £100m barrier for the first time in club history in 2014, signing the likes of Dejan Lovren, Lazar Markovic and Mario Balotelli.
However, the dramatic reduction in debt coupled with a new Premier League television deal will see Klopp handed an even bigger budget as he goes about achieving a top four finish next season.
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Time to invest
Chief executive Ian Ayre was delighted to announce the health of Liverpool's financial situation and praised FSG for their hard work. He also confirmed the plan is to reinvest profit back into the club.
“We are very fortunate in that everything we generate goes back into the team. There has never been a situation where we haven’t backed the manager and there will be no difference with Jurgen as we move forward towards the summer,” he explained.
“We aim to generate profits certainly in this football club and under these owners to completely reinvest. Of course, every time you make more profit you are going to invest more back.
“That was evident in these results as we made £60m and the money all went back into the squad which was invested in last summer. There is no extraction of any of that profit in any form.
“I think to fit the ambition of the club and the owners we think it is important to be financially in good health and yes we think this is a good set of numbers. The owners said in their note to fans about ticketing that that has been their process throughout. All they have done is put money in and not taken a penny out. That continues.”
Klopp will already be able to call on Serbian midfielder Marko Grujic and Schalke defender Joel Matip in the summer after both agreed to join Liverpool earlier this year.
However, Klopp's plans for the squad go much deeper and there appears to be a strong belief that he could convince Mario Gotze to trade Bayern Munich's Allianz Arena for Anfield.
Gotze was originally brought through Borussia Dortmund's youth system by Klopp before moving to Bayern, but the playmaker has never flourished under Pep Guardiola in the way he did with the German coach.
Should Bayern choose to sell, Liverpool look certain to be at the front of the queue.