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. 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. Commercial revenue rose by £29 million to £217 million, but that could not compensate for media revenue dropping by £59 million to £202 million and matchday revenue was down £13 million to £71 million. “This financial reporting period was up to May 2020 so approaching a year ago now,” Liverpool managing director Andy Hughes said.

Source: The Guardian April 27, 2021 09:00 UTC