Liverpool financial loss rose to £57m for 2023-24
Baku, February 28, AZERTAC
Liverpool made an annual pre-tax loss of £57m up to 31 May 2024 - £48m more than they lost in the previous 12 months, according to BBC.
However, the Premier League's club overall revenue rose by £20m to £614m in 2023-24, and its commercial income increased by £36m to £308m.
It is the first time Liverpool have reported commercial revenue of more than £300m in their annual financial accounts and mainly due to growth in partnerships and retail.
The 2023-24 period covered Jurgen Klopp's last season as manager, in which the Reds won the Carabao Cup, finished third in the Premier League and reached the quarter-finals of the FA Cup and Europa League.
Liverpool added four new players to their senior men's squad, spending about £165m on transfer fees to sign Alexis Mac Allister, Dominik Szoboszlai, Wataru Endo and Ryan Gravenberch.
That was the first season the club had not played in the Champions League since 2016-17, resulting in media revenue dropping by £38m to £204m.
That loss was partially offset by increased Premier League media revenue as a result of the Anfield outfit's stronger on-field performance in 2023-24 compared to 2022-23, when they finished fifth in the table and failed to win a major trophy.
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