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:
My rough estimate is that COVID resulted in £60m reduction to #LFC revenue, split between £25m lost (match day £11m, TV rebates £14m) and £35m broadcasting deferred to 2020/21. Without this, revenue would have been a club record £550m and the club would have made £10m profit. pic.twitter.com/i4OjEzmwQ4
— Swiss Ramble (@SwissRamble) April 28, 2021
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:
Liverpool’s accounts show the club has overtaken Man Utd in wages paid – can’t remember when that last happened. ‘Big Six’ wages table for 2019/20 here:
Man City £351m
Man Utd £284m
— Martyn Ziegler (@martynziegler) April 27, 2021