Liverpool overtake Man United in wages paid as Reds lose £42m in 2019/20

Liverpool overtake Man United in wages paid as Reds lose £42m in 2019/20

Liverpool hit hard by Covid-19

Liverpool have released their latest financial accounts recently, with the impact of the Covid-19 pandemic quite evident.

As per The Times, the Reds have announced a loss of £46m in their latest accounts, which is an £88m downturn on the previous 12 months.

The impact of the pandemic is also discussed in the piece, with Liverpool estimating they will have suffered a financial hit of around £120m by the times fans are back in stadiums.

Also, as the 2019/20 season did not complete until July, Liverpool’s media revenue was down by £59m as the season carried on outside of the reporting financial period.

The Swiss Ramble constructed a detailed thread of Liverpool’s latest financial results, in which it is estimated that the Merseysiders lost around £60m due to Covid-19.

Interestingly, without the pandemic it is suggested that Liverpool would have made a club-record £550m on revenue as well as making a £10m profit:

Liverpool overtake Man United in wages paid

Elsewhere, the accounts have confirmed that for 2019/20, Liverpool overtook Manchester United in wages paid.

United are said to have paid out £284m in wages, with the Reds parting with £325m.

It is Manchester City who remain top of the wages paid table with £351m:

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