Liverpool made a pre-tax loss of £9 million (€10.5 million) last season as rising commercial revenues failed to offset falling media and sporting revenue, the football club’s accounts show English published Thursday.
While the previous 12 months had resulted in a profit of £7.5 million, the Reds had a disappointing 2022-23 season, finishing fifth in the Premier League and exiting the Champions League and both domestic cups prematurely. . Overall revenues until the end of May 2023 remained stable at 594 million pounds (693.8 MEUR). The current league leaders’ wage bill increased by £7m to £373m and administrative costs rose by £17m to £562m.
The club’s main source of income last season was generated off-field by commercial revenue amounting to 272 million pounds (25 million). Elimination in the last 16 of the Champions League, a year after reaching the final, resulted in a drop in media revenue of £19 million (to £242 million). Match day revenue also declined due to a drop in the number of fixtures played in 2022-23 following the previous campaign, in which the club competed in every match (63) it was eligible for, winning the two domestic cups and reaching the Champions League final.
“Despite the increasing costs of football, the success of our commercial operations demonstrates the strength of our financial position, enabling us to continue to operate sustainably whilst competing at the highest level,” commented Managing Director Andy Hughes . Match day revenue is expected to increase this season following the full opening of the new Anfield Road stand, with a total capacity of 61,000.
Liverpool, who won the League Cup on Sunday for the final season of their German coach Jürgen Klopp, are at the top of the Premier League and still engaged in the FA Cup and the Europa League.
