Liverpool on Friday posted a loss before tax of £57 million ($72 million) for the 2023/24 season as their Champions League absence and soaring administrative costs took a toll.

But the Premier League club’s overall revenue rose by £20 million to £614 million, with commercial revenue climbing by £36 million to £308 million.

After a loss of £9 million in the previous season, a £38 million drop in media revenue for 2023/24 contributed to a second straight campaign in the red.

It was the first season since 2016/17 in which the club did not play in the Champions League, Europe’s top club competition.

Matchday income rose by £22 million thanks to the opening of the new Anfield Road stand but staff costs — primarily wages and associated bonuses — increased by £13 million to £386 million.

That was partly due to bonuses for Champions League qualification and a League Cup win during Jurgen Klopp’s final season at Anfield.

https://guardian.ng/news/liverpool-loses-57m-in-2023-24-season-after-champions-league-absence/