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£57m loss at Liverpool

Liverpool have reported a loss before tax of £57million for the financial year after the club were left counting the cost of missing out on Champions League qualification.

The figures for the 12-month period up to May 31, 2024 also show that it now costs £600million a year to run Liverpool after administrative expenses rose by £38million. Of that amount, the club’s wage bill stands at £386million, which represents an 86 per cent increase from £208million in 2018. Included in that top-line figure for wages are contractual payments of £9.6million to Jürgen Klopp and more than ten members of his staff when they left at the end of the previous campaign.

Liverpool’s fifth-place finish in 2022-23 resulted in them playing in the Europa League last season, which is not nearly as lucrative as Champions League football.

There was a £38million drop in media revenue, to £204million, largely as a consequence of not being at Europe’s top table. That was partly offset by the opening of the new Anfield Road stand, together with a greater number of competitive games at home, which contributed to a £22million increase in match-day revenue.

Commercial revenue topped £300million for the first time, rising by £36million to £308million, owing to deals with brands such as UPS, Google Pixel, Peloton and Orion Innovation.

Despite the overall loss, Liverpool are under no threat of breaching the Premier League’s Profitability and Sustainability Rules, which allow losses of no more than £105million over a three-year period.

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