Liverpool’s successful campaign last season has proven to be a great boost as the club hit record revenues for the financial year 2021-22. Among the 20 premier league teams, Liverpool ranked second behind Manchester City, having recorded £594 million in revenues.
Despite having failed to win a silverware last season, United was able to record £583 million in revenue, which helped them rank third among teams in the PL.
Despite the subsequent increase in revenue, LFC reported a massive £69 million hike in administrative costs. The £594 million revenue was a 22% rise from the financial year 2020-2021.
Liverpool was able to win the FA Cup and Carabao Cup last season after defeating Chelsea in the Finals of both those competitions. The team finished as the runner-up in the Champions League Final, despite the defeat to Real Madrid, the prize money from the competition definitely added to the record revenue of the club.
“We have worked really hard these past years to get us into a really strong and sustainable financial position. Despite navigating through a very challenging and uncertain period, overall revenue remained flat, demonstrating the underlying financial strength of the business,” said Andy Hughes, LFC’s managing director in an official statement released by the club.
Liverpool Football Club need to turn things around if they are to continue recording big revenues
Liverpool Football Club is currently struggling to find form on the field. The club is seventh in the premier league and have already crashed out of the FA and Carabao Cup competitions. They are trailing 5-2 to Real Madrid in the Champions League tie and will head to the Santiago Bernabeu in hopes of a miraculous comeback.
The race to get into the Top 4 of the premier league looks to be a tough one to break into. Newcastle, Fulham and Brighton are all in the race for the champions league spot and LFC needs to be at their best if they are to get there. Darwin Nunez, LFC’s record signing has been picking pace and looked solid in the past few games. The Uruguayan has scored over 10 goals this season and despite the slow start is now developing into a major threat to opposition defences.
The Fenway Sports Group has been in discussions to sell their stake in the club. Despite those reports, Liverpool will use their record profits to rope in a few players in the summer transfer window.