Liverpool announce £9 mn loss for 2022/23 season

Liverpool’s English striker #67 Lewis Koumas (2R) celebrates with Liverpool’s English defender #78 Jarell Quansah (2L) after scoring the opening goal of the English FA Cup fifth round football match between Liverpool and Southampton at Anfield stadium, in Liverpool, north west England, on February 28, 2024. (Photo by Paul ELLIS / AFP) /

Liverpool made a pre-tax loss of £9 million ($11.4 million) last season as increased commercial income failed to offset a drop in media and matchday revenues, the club’s latest accounts revealed on Thursday.

Overall revenue to the end of May 2023 remained static at £594 million after a disappointing campaign in which Jurgen Klopp’s men finished fifth in the Premier League and made early exits from the Champions League and both domestic cups.

The wage bill for the current Premier League leaders rose £7 million to £373 million and administrative costs climbed by £17 million to £562 million.

The previous 12 months had produced a small profit of £7.5 million.

Liverpool’s biggest income stream in 2022/23 was the £272 million, up £25 million, generated from off-field income, but a last-16 Champions League exit a year after reaching the final meant media revenue dropped by £19 million to £242 million.

Matchday revenue also fell due to fewer games being played across last season after the previous campaign, when the club played in every fixture – a total of 63 — they were eligible for, winning both domestic cups and reaching the Champions League final.

“Despite the significant growing costs of football, the success of our commercial operations demonstrates the strength of our underlying financial position so we can continue to operate sustainably while competing at the highest levels of football,” said