Liverpool Reveals £57 Million Pre-Tax Loss as Rising Costs Balance Out Revenue Growth

Liverpool reported a pre-tax loss of £57 million ($71.81 million) for the last season, as a surge in salaries and operational costs outweighed the increase in revenue, the Premier League club announced on Friday.

According to their recent financial report covering the year ending May 31, 2024, Liverpool’s administrative expenses surged by £38 million to £600 million ($755.88 million). The club attributed this rise primarily to wages and running costs throughout the organisation.

Despite an overall revenue increase of £20 million to £614 million ($773.52 million), Liverpool’s media revenue plummeted by £38 million to £204 million ($257 million), as they missed out on the Champions League and participated in the Europa League instead.

On a brighter note, matchday earnings rose by £22 million to £102 million ($128.50 million), while commercial revenue saw an increase of £36 million to £308 million ($388.02 million).

“Maintaining the financial sustainability of the club remains our top priority. Given the ongoing rise in costs, it is crucial to enhance our revenue streams annually to ensure financial stability,” stated the club’s chief financial officer, Jenny Beacham.

Liverpool currently enjoys a commanding 13-point lead at the summit of the Premier League, has progressed to the last-16 of the Champions League, and is set to face Newcastle United in the League Cup final on March 16.