Liverpool Football Club have reported a pre-tax loss of £57 million for the financial year ending May 31, 2024.
The club’s financial results reflect the impact of missing out on Champions League qualification for the 2023/24 season, with revenue losses primarily stemming from reduced media earnings.
Key Financial Highlights:
- Loss Before Tax: £57 million
- Administrative Expenses: £600 million (an increase of £38 million)
- Wage Bill: £386 million (an 86% increase since 2018)
- Jurgen Klopp & Staff Payout: £9.6 million
- Media Revenue Drop: £38 million (now at £204 million)
- Match-Day Revenue Increase: £22 million
- Commercial Revenue Growth: £36 million rise to £308 million
Liverpool have released their financial results for 2023-24, reporting a pre-tax loss of £57m.
– Overall revenue £614m (⬆️ £20m)
– Media revenue £204m (⬇️ £38m)
– Matchday £102m (⬆️ £22m)
– Commercial £308m (⬆️ £36m)
– Admin costs £600m (⬆️ £38m)— David Lynch (@davidlynchlfc) February 28, 2025
Champions League Absence Hits Revenue
Liverpool’s failure to secure a top-four finish in the 2022/23 Premier League campaign relegated them to the Europa League, which offers significantly lower financial rewards.
This led to a £38 million drop in media revenue.
However, this was partially offset by increased match-day earnings, thanks to the opening of the expanded Anfield Road stand and a higher number of home fixtures.
Jurgen Klopp’s Departure Costs £9.6 Million
A key expense in Liverpool’s financial report is the £9.6 million severance package paid to Jurgen Klopp and over ten members of his backroom staff following their departure at the end of the 2023/24 season.
Despite this, the club remain financially stable and compliant with the Premier League’s Profitability and Sustainability Rules, which permit a maximum loss of £105 million over a three-year period.
[🟢] NEW: Despite the overall loss, Liverpool are under no threat of breaching the Premier League's Profitability and Sustainability Rules.
[@_pauljoyce] pic.twitter.com/bgdLJWjnpj— Anfield Sector (@AnfieldSector) February 28, 2025
Commercial Growth Offsets Losses
Despite the overall financial downturn, Liverpool’s commercial revenue surged past £300 million for the first time, increasing by £36 million.
New partnerships with brands like UPS, Google Pixel, Peloton, and Orion Innovation contributed significantly to this growth.
Liverpool’s Financial Stability Compared to Rivals
Unlike Manchester United, who recently announced up to 200 job losses as part of cost-cutting measures, Liverpool continue to operate within financial sustainability guidelines.
Chief Finance Officer Jenny Beacham emphasised the club’s commitment to balancing financial responsibility with competitive ambition, stating, “Operating a financially sustainable club continues to be our priority and, with the continued increase in costs, it’s essential to grow income streams year on year to maintain financial stability.”
