Updated 3:20pm 31 May 2012

Liverpool FC owners Tom Hicks and George Gillett in £42.6m loss

"These conditions... indicate the existence of a material uncertainty which may cast significant doubt on the group’s and parent company’s ability to continue as a going concern."

The club’s turnover was a record £159.1million compared to £133.9million the year before, with a profit of £10.2million.

That was reflected by a similar turnover for Kop Football (Holdings) of £164million - most coming from the football club - but the overall loss of £42.6million.

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