Liverpool announces pre-tax profit of £7.5m for 2021-22

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Liverpool accounts: Premier League club announces pre-tax profit of £7.5m for 2021-22
By Harry PooleBBC Sport

Last updated on 1 hour ago1 hour ago.From the section Liverpool

Liverpool reached the Champions League final in 2021-22 as they went close to an unprecedented quadruple
Liverpool have announced a pre-tax profit of £7.5m for the 2021-22 season as the Premier League club's overall revenue rose by £107m to £594m.

During the 2021-22 campaign the Reds played in all 63 club games possible as they won the FA Cup and Carabao Cup.


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They have 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.

"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," managing director Andy Hughes said.

"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," he added.

Liverpool owner John Henry said this month that he is not selling the Premier League club, but added he does expect some investment.

The Champions League finalists rose four places to third in the latest Deloitte Money League study, behind Premier League winners Manchester City and European champions Real Madrid.

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However, Jurgen Klopp's seventh-placed side are in danger of missing out on a lucrative Champions League place next season.

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Liverpool signed seven new players during the year, including forward Luis Diaz for an initial £37m, while Jordan Henderson, Harvey Elliott, Ibrahima Konate, Andy Robertson, Alisson Becker, Stefan Bajcetic and Diogo Jota all signed new long-term contracts.

While commercial revenue rose by £29m to £247m, the club also said annual operating costs for Anfield had increased by nearly 40% over the past five years.

"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," Hughes said.

"In the last five years we have invested over £250m in infrastructure and created world-class facilities for our players, staff and supporters," he added.

"What's important now is to finish this season as strong as possible, both on and off the pitch, while we continue to manage costs and explore opportunities for growth in our commercial operations so we can continue to reinvest revenues in players and infrastructure."

 

[binomial]

Can see this quickly turning into a FSG bashing thread.

 

[Beamrider]

I'll post my comments in here when I've had the chance to review the detail - the accounts aren't actually available form Companies House yet, will probably be a few days before they are.

 

[binomial]

Review the detail? Good luck, the report is printed on about 70 fucking pages lol.

 

[bluebell]

Did we just pay off the bank draw down as to why the profits are so low?

 

[King Binny]

 

[Beamrider]

Review the detail? Good luck, the report is printed on about 70 fucking pages lol.

I have a long attention span so you don't have to 😉

 

[Red Bird]

The wage bill will significantly go down in the summer.

 

[binomial]

The wage bill will significantly go down in the summer.

You'd like to think so wouldn't you but we like to give players a 500% (over exaggeration) pay rise, like Jota who was on 40k at Wolves and we give him a massive contract worth 180k a week. Nunez at Benfica was on similiar at Benfica and then comes along Liverpool with a 140k a week wage.......why not give these players what they should be earning, which is 60-80k?

Some of the wages our players are on is borderline criminal.

 

[MomoWASright]

Some of the wages our players are on is borderline criminal.

I can think of one individual for sure.

Most of the ones you’ll be moaning about won’t be paid again after 30 June.

 

[737Max]

You'd like to think so wouldn't you but we like to give players a 500% (over exaggeration) pay rise, like Jota who was on 40k at Wolves and we give him a massive contract worth 180k a week. Nunez at Benfica was on similiar at Benfica and then comes along Liverpool with a 140k a week wage.......why not give these players what they should be earning, which is 60-80k?

Some of the wages our players are on is borderline criminal.

Jota was never given £180k for his initial contract. No where even close

 

[tombrown]

£7.5M profit? That'll cover an understudy for our u23s left back maybe

 

[binomial]

I can think of one individual for sure.

Most of the ones you’ll be moaning about won’t be paid again after 30 June.

Yeah suppose you're right.

In fact all of them are included in that....+ 2 or 3 others at this present time.

 

[binomial]

Jota was never given £180k for his initial contract. No where even close

Ok even so, he's only been here 2-3 seasons so you have to question why he's gone from nothing at Wolves to 180k so quickly.

If we signed him when he's earning 40k a week, you give him a 5 year deal 70-80k a week......then maybe a years extension after doing so well after 2 years, so it now becomes a 4 year deal at 100-120k a week.

 

[MomoWASright]

Jota was never given £180k for his initial contract. No where even close

I thought we signed him on 60k and went up to 100-120 after the renewal.

 

[Dirty Sanchez]

YEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSSS!
Woohooooooooooooooooooooooooo!
We won the accounting cup!

Get the fuck in - the black.

 

[Chris Simpson]

Hopefully it bodes well for successfully summer window

 

[StevieM]

Well…. We’ll likely be posting a loss for this season given the transfers in, MO’s bumper new pay deal, dropping out of the CL before the QF and finishing further down the league with no prize money.

It’ll be offset a little, no doubt, by us not having to pay any player bonuses, since they don’t get one for being shite.

The drop in revenue next season if we don’t make CL could be critical.

 

[jexykrodic]

Re: the CL revenue- the maximum payout for winning it is 85.14 euro and that's if you win all the group games. I don't think financial disaster awaits. Prestige is dented of course but catastrophe imo no.

 

[StevieM]

Re: the CL revenue- the maximum payout for winning it is 85.14 euro and that's if you win all the group games. I don't think financial disaster awaits. Prestige is dented of course but catastrophe imo no.

It’s about 40% of our prize money and a chunk of additional match day revenue.

Does missing out mean financial meltdown - no.m, not for one season.

Does missing out potentially blow a sizeable whole in our transfer budget - absolutely it does.

On going - the loss of revenue would impact our ability to pay higher wages, make expensive signings and meet FFP - but still wouldn’t lead to financial meltdown.

 

[Brizzle]

Exciting that the new annie road will be finished and in place for next season. Small victories. Will have to try and get a ticket it in to try it out.

 

[jexykrodic]

It’s about 40% of our prize money and a chunk of additional match day revenue.

Does missing out mean financial meltdown - no.m, not for one season.

Does missing out potentially blow a sizeable whole in our transfer budget - absolutely it does.

On going - the loss of revenue would impact our ability to pay higher wages, make expensive signings and meet FFP - but still wouldn’t lead to financial meltdown.

I can't imagine any responsible owners assuming continuous high levels of income and not having contingencies in place.

 

[Woland]

Exciting that the new annie road will be finished and in place for next season. Small victories. Will have to try and get a ticket it in to try it out.

Be interesting seeing how many corporate tickets we can sell for five ton each when we're playing Millwall and Blackpool.

 

[MomoWASright]

Be interesting seeing how many corporate tickets we can sell for five ton each when we're playing Millwall and Blackpool.

What you’re saying is we are going deep in the cups on our way to the quad.

 

[StevieM]

I can't imagine any responsible owners assuming continuous high levels of income and not having contingencies in place.

The contingency is to cut the transfer budget.

 

[Fabio]

What you’re saying is we are going deep in the cups on our way to the quad.

More likely that than FSG going deep in to their wallet

Bother however are outlandish

 

[Dirty Sanchez]

It’s about 40% of our prize money and a chunk of additional match day revenue.

Does missing out mean financial meltdown - no.m, not for one season.

Does missing out potentially blow a sizeable whole in our transfer budget - absolutely it does.

On going - the loss of revenue would impact our ability to pay higher wages, make expensive signings and meet FFP - but still wouldn’t lead to financial meltdown.

So what you're basically suggesting is that there is a major advantge to competing in, and winning the champions league, with respect to attracting and keeping the best talent, so that the winning cycle is less likely to be broken due to factors like player injuries or age-related deterioration?

 

[jexykrodic]

The contingency is to cut the transfer budget.

Well I did say responsible owners. That would be business suicide if you want to grow your investment.

 

[StevieM]

So what you're basically suggesting is that there is a major advantge to competing in, and winning the champions league, with respect to attracting and keeping the best talent, so that the winning cycle is less likely to be broken due to factors like player injuries or age-related deterioration?

Yes.

Then it becomes a question what you do with the resources you gain to mitigate against the factors that lead to dropping out.

 

[StevieM]

Well I did say responsible owners. That would be business suicide if you want to grow your investment.

Would it?

I’d say chucking loads of cash at winning stuff without any hope of recovering that additional investment would be business suicide.

The “value” of the club would be pretty stable as long as we stay in the Premier League and own our own stadium & training ground, etc.

I don’t know how much winning and being in the Champions League grows club “value” - Spurs have grown in value by winning precisely fuck all and not being in the CL every year.

What drives FSG - winning trophies. I don’t think they care. The value of the business would have grown hsd they got away with their plans for tegorm to European and domestic competition above anything they could go with a transfer budget.