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Liverpool reported a £46 million ($63 million) pre-tax loss for the financial year ending May 2020, figures that suggest why the club’s owners were prepared to join the failed European Super League plan.
Just a week after Liverpool were forced to pull out of the controversial Super League following a furious public backlash, the reigning Premier League champions’ revealed the financial impact of the coronavirus pandemic.
The loss of significant media revenue and match-day income at Anfield in the final quarter of the results amid the lockdown contributed to a £88 million negative swing in just over 12 months.
Liverpool reportedly estimate they will have suffered a financial hit of around £120 million by the time supporters are allowed back into matches.
In March 2020, Liverpool announced a profit of £42 million, but that surplus was wiped out after last season was suspended in March and then restarted behind closed doors.
The pandemic fall-out convinced Liverpool’s owners Fenway Sports Group to sell a 10 per cent share in the club last month for £543 million to private investment firm RedBird Capital.
Also included in their income for the year was about £3.4 million for winning the 2019 Champions League final as it fell just outside the previous financial reporting period.
Just a week after Liverpool were forced to pull out of the controversial Super League following a furious public backlash, the reigning Premier League champions’ revealed the financial impact of the coronavirus pandemic.
The loss of significant media revenue and match-day income at Anfield in the final quarter of the results amid the lockdown contributed to a £88 million negative swing in just over 12 months.
Liverpool reportedly estimate they will have suffered a financial hit of around £120 million by the time supporters are allowed back into matches.
In March 2020, Liverpool announced a profit of £42 million, but that surplus was wiped out after last season was suspended in March and then restarted behind closed doors.
The pandemic fall-out convinced Liverpool’s owners Fenway Sports Group to sell a 10 per cent share in the club last month for £543 million to private investment firm RedBird Capital.
Also included in their income for the year was about £3.4 million for winning the 2019 Champions League final as it fell just outside the previous financial reporting period.
