liverpool Scores Profit In Latest Financial Report

Premier League football club Liverpool FC has announced a pre-tax profit of £7.5m for the 2021/22 season.

The club saw its overall revenue rise by £107m to £594m during a 2021-22 campaign in which Jurgen Klopp’s side played in all 63 club games possible as they won the FA Cup and Carabao Cup.

The club recorded a profit for the first time since 2018-19, despite a £69m increase in administrative costs.

However, matchday revenue rose by £83m to £86m, as supporters returned following the coronavirus pandemic.

Commercial revenue increased by £29m, with growth in partnerships and the reopening of non-matchday operations with the global retail stores and stadium tours and museum centre.

A total of eight new partnerships were signed throughout the reporting period, including Sonos, Kodansha, Vistaprint, Wasabi and a renewal with football simulation game partner EA SPORTS.

Seven new players were signed during the period, including Ibrahima Konate, Luis Diaz, Fabio Carvalho, Ben Doak and Bobby Clark. Twenty-two current player contracts were also extended with Jordan Henderson, Harvey Elliott, Andy Robertson, Alisson Becker, Stefan Bajcetic and Diogo Jota all signing long-term deals.

Andy Hughes, Liverpool FC’s Managing Director, commented, “Some of the numbers in these latest accounts look slightly skewed as a result of the previous reporting period being impacted by the global pandemic. However, the underlying strength of our financial position remains strong and we continue to operate a sustainable club which is our main objective from a financial perspective.

“It was really great having supporters back at Anfield and returning to some sort of normality after a really challenging period for everyone.

“For our men’s team to play the maximum 63 games in this reported season is an incredible achievement and winning more trophies is exactly what we continue to strive for. Our women’s team also had success – gaining promotion to the WSL was a great achievement and exactly where we need them to be competing.

“The cost of running a football club does continue to rise. But we maintain our position of growing this club with significant investment with new and existing players signing contracts and the construction of the new Anfield Road Stand which we look forward to coming on stream in the summer. In the last five years we have invested over £250m in infrastructure and created world-class facilities for our players, staff and supporters.”