Liverpool spending less despite earning more than Manchester United
Liverpool are spending less than their arch-rivals Manchester United despite earning more according to the annual Deloitte Money League for football clubs.
The Reds are having a struggling season both on and off the field but their financial number is quite impressive. The big number puts up a good image of the Merseyside giants and their owner, Fenway Sports Group (FSG).
Red’s financial position
This shows how well the club is progressing in a business sense, but the team is in serious need of rebuilding and a cash injection to come back to their very best. The Reds owners are not willing to invest after making two blockbuster signings, the Uruguayan striker Darwin Nunez and the Holland international Cody Gakpo.
The LFC owners are so skeptical that they are willing to sell their players to generate funds to sign a new midfielder. Nat Phillips is one of those who could be sacrificed in the process.
The Reds vs the Red Devils
According to Deloitte, in 26 years this is the first time the English club has reached above Manchester United in financial performance.
The figures in the report show Liverpool recorded revenue of €701.7 M for the 2021-22 season, a significant increase from €550.4M in the previous one.
United has also experienced a pandemic rebound but did not see the same scale of increase (18 percent to LFC’s 22 percent), recording revenue of €688.6M up from €558M in the previous year. So the Merseyside giants edge in front.
Why are Liverpool not spending?
All the profits are looked after by FSG. The Reds desperately need a midfielder to compete for the Champions League spot and to bring players Klopp needs financial backing from the owners. But FSG is more interested in LFC as a business not as a football club.
Although these whole revenue figures do not include transfer deals. This is purely based on three strands: broadcasting, commercial and match-day income.
Will LFC go for a new midfielder this transfer window?
