Premier League leaders Liverpool have released their accounts for the 2023/24 financial year, confirming a huge pre-tax loss of £57m.
The results were posted on Thursday by the club for all to see. It must first of all be remembered that Arsenal’s new title rivals were playing Europa League football rather than Champions League football during this accountancy period, thus have suffered from a very real problem both Chelsea and Tottenham Hotspur will relate to.
Liverpool loss of income due to being away from Europe’s elite was significant as media revenues fell by £38m while reduced prize money also hit their balance sheet hard.
But there were successes in other areas as overall revenue reached £614m – a rise of £20m compared to 2022/23. The expansion of their Anfield Road stand – where away fans are housed on matchdays – took their stadium’s capacity from 54,074 to 61,276 seats and with it overall matchday revenue increased by £20m to a figure of £102m
The Reds also passed the £300m mark for commercial revenue in the first time in the club’s history. New partnerships with Orion Innovation, UPS, Google Pixel and Peloton, as well as extensions with Kodansha and Carlsberg, brought about a £36m increase in this area to £308m
They also managed to increase retail revenues across seven global locations to record levels in what is reported to be the final year of their £30m per year deal with kit manufacturers Nike.the rumour is that they will swap the same supplier as the Blues and Spurs to swap to a more lucrative deal with the Gunners’ supplier, adiddas.