Liverpool Reports Pre-Tax Loss Despite Revenue Growth Due To Rising Costs

Liverpool reported a pre-tax loss of £57 million ($71.81 million) for the last season, with increased salaries and overhead costs counterbalancing the rise in revenue, the Premier League club announced on Friday.

The club’s administrative costs rose by 38 million to 600 million pounds ($755.88 million), Liverpool said in their latest financial report for the year to May 31, 2024, attributing it mainly to wages and overhead costs across the club.

Despite Liverpool experiencing an overall revenue increase of 20 million pounds, reaching 614 million pounds ($773.52 million), the club saw a significant decline in media revenue, which dropped by 38 million pounds to 204 million pounds ($257 million).

This decrease is attributed to the club’s absence from the Champions League and participation in the Europa League instead.

The club’s matchday revenue increased by 22 million to 102 million pounds ($128.50 million), while commercial revenue went up by 36 million to 308 million pounds ($388.02 million).

“Operating a financially sustainable club continues to be our priority and, with the continued increase in costs, it’s essential to grow income streams year on year to maintain financial stability,” the club’s chief financial officer, Jenny Beacham, said in a statement.

Liverpool currently leads the Premier League by 13 points, has advanced to the last 16 of the Champions League, and is scheduled to face Newcastle United in the League Cup final on March 16.