Liverpool FC has recorded a pre-tax loss of £9m for the 2022/23 season, the club’s annual financial report has revealed.
Despite an increase in commercial revenue, which was up by £25m to reach a record £272m, the Premier League football club’s overall revenue remained at £594m, the same figure as the 2021/22 campaign.
Media rights revenue dropped from £261m to £249m, mainly due to the team’s early exit from the UEFA Champions League round of 16, after reaching the final the previous year. Match-day revenue also decreased from £87m to £80m, with the club attributing this to the decrease in matches played throughout the season.
Meanwhile, administrative costs rose from £545m to £562m.
Retail operations delivered record revenue, after the club opened new stores across Asia. Liverpool’s global shops drew a peak of 2.5m shoppers with the club citing the team’s pre-season tour in Thailand and Singapore as a significant factor in driving commercial growth.
Liverpool is still in the midst of its £80m renovation of the Anfield Road Stand and is already seeing an early return on its investment. Last month’s Premier League clash against Wolves drew 59,896 fans, a record attendance for a league fixture at Anfield.
Andy Hughes, Managing Director of Liverpool, said, “Despite the significant growing costs of football, the success of our commercial operations demonstrates the strength of our underlying financial position so we can continue to operate sustainably while competing at the highest levels of football.
“While these financial results are a moment in time on our journey, what remains constant is the growing global appeal of the club and, thanks to our amazing support, LFC continues to be the most-globally-followed club in the Premier League.
“We look forward to the remainder of this season with our men’s and women’s teams finishing as strongly as possible with continuing success.”
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