Liverpool post loss for second consecutive year

Liverpool remain committed to continued investment on and off the pitch despite posting a second successive season of Covid-impacted financial loss.

Figures for the period ending May 2021 – which included their first league title triumph in 30 years – show the club made a pre-tax loss of £4.8million (€5.74m).

That was significantly reduced from a £46m (€55m) loss the previous year in the first season severely affected by the global pandemic, having made a healthy profit in the preceding three years.

While managing director Andy Hughes reiterated the stance the club could only spend what they earned he stressed that did not mean there would not be further outlay on players and infrastructure.

"It is imperative, however, that we continue to live within our means and operate within football's regulations and financial fair play," he said.

"But we’ll continue to reinvest on and off the pitch to further strengthen our position and compete at the highest levels right across the club."

That has already been acted upon this season with the £36m summer arrival of RB Leipzig central defender Ibrahima Konate followed by the January signing of Porto winger Luis Diaz for an initial £37.5m, although almost half of that outlay was recouped by the sale of fringe players.

Overall revenue in 2020-21 fell by £3m to £487m with a massive drop of 95 per cent in matchday income – from £70m to just £3m – as all but the final home match of the season, when 10,000 fans were allowed in, were played behind closed doors.

Non-matchday commercial revenues, including retail stores, stadium tours and the museum, closing due to the pandemic, were down.

That was offset somewhat by an increase of £64.5m in media revenue – due to the prolonged 2019-20 season, which