Liverpool recorded a loss of £57 million exclusive of tax in the 2023-24 season, as their absence from the UEFA Champions League proved costly to the Merseyside club.
The Reds suffered a second consecutive season where the books ended on the red side, with a combination of an increase of the money spent on general expenses bringing a £38 million decrease in media revenue, following a £9 million loss in the previous year.
The salary and wage structure was lessened by the exits of players with high pay, including James Milner, Fabinho, Alex Oxlade-Chamberlain, Roberto Firmino, Jordan Henderson, and Naby Keita.
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Liverpool making millions but still ‘Broke’
Reds’ commercial revenue increased by £36 million to go past £300 million for the first time. Matchday income also grew by £22 million as a result of the introduction of the Anfield Road stand.
Costs of the club staff, particularly wages and other related costs, went up by £13 million to £386 million.
This was partly due to the bonuses gotten for qualifying for the UEFA Champions League and lifting the Carabao Cup last season.
The signings of Ryan Gravenberch, Dominik Szoboszlai, Alexis Mac Allister and Wataru Endo cost a total of £150 million, alongside the 11 contract renewals, combined with signing players and contract extensions for the women’s team, also increased costs.
Another key element in costing that must be taken into consideration is inflation. Matchday costs have gone up by an astronomical eighty percent over the last eight years and it is predicted to climb above one hundred percent in 2027.
As per thisisanfield, utility bill charges have doubled in three years while administrative expenses skyrocketed by 88 percent from £320 million to £600 million since 2018.
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