Liverpool report £46 million pre-tax loss

Just a week after Liverpool were forced to pull out of the controversial Super League following a furious public backlash, the reigning Premier League champions’ revealed the financial impact of the coronavirus pandemic. The loss of significant media revenue and match-day income at Anfield in the final quarter of the results amid the lockdown contributed to a £88 million negative swing in just over 12 months. Liverpool reportedly estimate they will have suffered a financial hit of around £120 million by the time supporters are allowed back into matches. In March 2020, Liverpool announced a profit of £42 million, but that surplus was wiped out after last season was suspended in March and then restarted behind closed doors. The pandemic fall-out convinced Liverpool’s owners Fenway Sports Group to sell a 10 per cent share in the club last month for £543 million to private investment firm RedBird Capital. Also included in their income for the year was about £3.4 million for winning the 2019 Champions League final as it fell just outside the previous financial reporting period. Just a week after Liverpool were forced to pull out of the controversial Super League following a furious public backlash, the reigning Premier League champions’ revealed the financial impact of the coronavirus pandemic. The loss of significant media revenue and match-day income at Anfield in the final quarter of the results amid the lockdown contributed to a £88 million negative swing in just over 12 months. Liverpool reportedly estimate they will have suffered a financial hit of around £120 million by the time supporters are allowed back into matches. In March 2020, Liverpool announced a profit of £42 million, but that surplus was wiped out after last season was suspended in March and then restarted behind closed doors. The pandemic fall-out convinced Liverpool’s owners Fenway Sports Group to sell a 10 per cent share in the club last month for £543 million to private investment firm RedBird Capital. Also included in their income for the year was about £3.4 million for winning the 2019 Champions League final as it fell just outside the previous financial reporting period.