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.

— 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
Liverpool £325m
Man Utd £284m
Chelsea £283m
Arsenal £225m
Spurs £181m

— Martyn Ziegler (@martynziegler) April 27, 2021

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