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Liverpool have announced their matchday revenue fell by almost 95 per cent for the year ending 31 May 2021 in their full financial results.

The Reds won their first Premier League title in June 2020 and lifted the trophy the following month, when games were being played behind closed doors due to the coronavirus pandemic.

Fans subsequently returned to games in limited numbers but it was not until August 2021 when Anfield welcomed a capacity crowd for the first time in 17 months.

Understandably, playing games in front of an empty stadium had an enormous impact on matchday revenue, which dropped from £70million from the previous year to just £3million for the year ending 31 May 2021.

However, there was a significant increase in media revenue from £201million to £266million.

This is explained by the 2019/20 season carrying over into the summer of 2020 following the lengthy, Covid-19-enforced suspension of fixtures in the spring of that year.

There was also a £200,000 increase in commercial revenue and overall revenue was down by just £3million to just £487million.

The upshot of these figures is Liverpool's loss before tax actually fell from £41.5million for the previous year to £4.8million.

The club were aided by the introduction of 13 new commercial partners including a