Liverpool have revealed the details of their financial accounts for the first season post-pandemic until May 31, 2022.
Here are some of the key points from the information released by the club:
Media revenue fell by £5m to £261m
Matchday revenue rose by £83m to £86m
Commercial revenue rose by £29m to £247m
Administrative costs rose by £69m to £545m
Overall revenue rose by £107m to £594m
Profit before tax was £7.5m
James Pearce also reports that the club's wage bill rose from £314 million to £366 million, a 17% increase. This was largely in part due to performance related bonuses, with the Reds winning both domestic cups as well as reaching the Champions League final. Another reason was the contract extension of 22 players during that year.
The club's managing director Andy Hughes said: “Some of the numbers in these latest accounts look slightly skewed as a result of the previous reporting period being impacted by the global pandemic. However, the underlying strength of our financial position remains strong and we continue to operate a sustainable club which is our main objective from a financial perspective.
“The cost of running a football club does continue to rise. But we maintain our position of growing this club with significant investment with new and existing players signing contracts and the construction of the new Anfield Road Stand which we look forward to coming on stream in the summer. In the last five years we have invested over £250m in infrastructure and created world-class facilities for our players, staff and supporters."
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