Liverpool reports a 57-million-pound pre-tax loss as rising expenses cancels out rising earnings

Liverpool announced on Friday that it had a pre-tax deficit of 57 million pounds ($71.81 million) from the previous season, with higher overhead and salary costs countering higher revenue.

Liverpool’s latest financial report for the year ending May 31, 2024, stated that the club’s administrative costs increased by 38 million to 600 million pounds ($755.88 million), primarily due to overhead and wage expenditures.

Although Liverpool’s total revenue increased by 20 million pounds to 614 million pounds ($773.52 million), the club’s media revenue decreased by 38 million pounds to 204 million pounds ($257 million).

Additionally, Liverpool is now participating in the Europa League rather than the Champions League.

While the club’s advertising revenue climbed by 36 million to 308 million pounds ($388.02 million), its matchday revenue increased by 22 million to 102 million pounds ($128.50 million).

“Maintaining a financially viable club remains our top priority, and given the ongoing rise in expenses, it’s critical to increase revenue streams annually to ensure financial stability,” said Jenny Beacham, the club’s chief financial officer, in a statement.

Liverpool leads the Premier League by 13 points, is in the Champions League’s round of 16, and will face Newcastle United in the League Cup final on March 16.