Five time European Champions, Liverpool, have added to the torrent of red inks gushing over the Premier League, after posting a pre tax loss of £46 million for the year to end May 2020.
The Reds are one of the 12 European Super League rebels. They have won the UEFA Champions League five (5) times with Real Madrid who have lifted the trophy 13 times as most decorated and successful club in Europe.
The club made this startling revelation on their official website but did not make elaborate explanation.
The covid-disrupted season eventually saw the Reds crowned runaway champions, their 19th English Premier League title in all but their first for 30 years.
The Klopp’s men said their overall revenue for the latest period dipped by £43 million, falling back below the half a billion pounds mark to £490 million.
A hefty £59 million drop in media revenue saw commercial take over as the club’s biggest revenue stream, at £217 million against £202 million.
Giving further details of their turn over, the club said their match day revenue fell £13 million to £71 million.]
The Merseysiders, along with Tottenham, have been the Premier League pacesetters in recent seasons in terms of profitability, with a series of highly lucrative transfers supplementing the rewards of their improved onfield performance under Jürgen Klopp.
With the fairly ignominious and astonishingly rapid apparent collapse of the Super League project, however, the short-term future looks a lot more challenging.
With five games to go, the club lies only sixth in the Premier League, having lost its way in the second half of an injury ravaged season, and appears more than likely to miss out on a Champions League place for 2021-22.
Andy Hughes, managing director, stated with some justification that the club had been in a “solid financial position prior to the pandemic”.
“It’s no secret that supporters have been greatly missed at Anfield over the past year and we look forward to having them back”, he added.