Liverpool announces million-dollar losses in the 2022-2023 season

English Premier League club Liverpool recorded a loss of £9 million ($11.4 million) before tax last season, as increased commercial income did not offset lower money made from broadcast rights and match revenues.

The British news agency (PA Media) reported that the past 12 months recorded a small profit of 7.5 million pounds sterling.

Liverpool's largest income in the 2022-2023 season was £272 million, an increase of £25 million earned from off-field income, but the team's exit from the Champions League round of 16 a year after reaching the final means that TV money has fallen by £19 million. British pounds, to 242 million.

Match revenues declined by 7 million euros due to the decline in the number of matches the team played last season compared to the previous season, when the team played in all competitions with a total of 63 matches in which it was available to participate, and won two local cup titles and reached the Champions League final.

While the club's total revenues have remained stable at 594 million pounds sterling, the increasing costs are negatively impacting the general budget, with staff expenses rising by 79% since 2018, rising from 208 million pounds 6 years ago to 373 million pounds for the year ending in May 2023. .

In this period alone, salaries increased by 7 million pounds sterling to 373 million.

During the same period, administrative expenses increased by 70% to 562 million pounds sterling from 320 million pounds.