Liverpool reports £57m loss amid Champions League absence

Liverpool FC reported a pre-tax loss of £57 million for the 2023-24 season, significantly impacted by their absence from the Champions League and rising administrative costs. Despite this financial setback, the club achieved record overall revenue of £614 million, with commercial income exceeding £300 million for the first time, driven by new partnerships and retail growth. Media revenue fell by £38 million due to competing in the Europa League, while matchday income rose by £22 million following the opening of the new Anfield Road Stand. The wage bill increased to £386 million, influenced by player bonuses and new signings, despite several high-earners departing. Chief finance officer Jenny Beacham emphasized the club's commitment to maintaining financial sustainability amidst rising costs. The financial report reflects Liverpool's ongoing efforts to enhance revenue streams while navigating challenging economic conditions.