Liverpool FC reported a significant pre-tax loss of £57 million for the fiscal year ending May 2024, primarily influenced by a £38 million drop in media revenue after not qualifying for the Champions League. While overall revenue grew to £614 million, driven by strong commercial performance surpassing £300 million for the first time, rising administration costs and match-day expenses contributed to the financial challenges. CFO Jenny Beacham highlighted the importance of sustaining income growth to offset increased operational expenditures and ensure financial stability amid an expanding squad and infrastructure investments.
Liverpool's accounts show a significant financial shift, as the club recorded a pre-tax loss of £57 million due to increased costs and dropping media revenue.
Despite a record revenue of £614 million for the year ending May 2024, Liverpool experienced substantial losses, indicating the impact of competing outside the Champions League.
Chief finance officer Jenny Beacham emphasized the importance of growing income streams to maintain financial stability amidst rising operational costs and increasing expenditure.
Commercial revenue experienced a notable increase, reaching over £300 million, reflecting Liverpool's successful expansion in brand partnerships and retail operations.
Collection
[
|
...
]