Liverpool's managing director Ian Ayre has revealed the club's improving financial position.

The Reds' debt has reportedly been reduced by £20m from last May and currently stands at around £45m, and Ayre believes that the club is on solid financial footing as they bid to regain a place in the Champions League.

He told the Liverpool Echo: "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."

Brendan Rodgers's side are currently second in the Premier League.