Liverpool announce loss for Covid affected 2020/21 monetary 12 months

Liverpool announce loss for Covid affected 2020/21 monetary 12 months

Figures for the period ending May 2021, which protected a first league title triumph in 30 years, show Liverpool made a pre-tax lack of £4.8 million -- down from a £46 million loss the preceding year.

Overall sales fell via £3 million to £487 million, with a massive drop of almost 95 percent in matchday earnings -- maximum fits passed off in empty stadiums due to the coronavirus pandemic.

Managing director Andy Hughes stated the hit to the club's budget would no longer save you in addition outlay on players and infrastructure however it was "imperative" they persevered to live inside their approach. "We'll preserve to reinvest on and stale the pitch to similarly support our position and compete at the highest levels right across the membership," he said.

RB Leipzig defender Ibrahima Konate joined remaining July and the membership signed Porto winger Luis Diaz for an preliminary price of round £37 million in the January transfer window. The club's media revenue rose through £64.Five million due to the extended 2019/20 season, which fell outside of the preceding reporting period.

"These modern day effects exhibit the widespread financial impact of the worldwide Covid pandemic, which affected all areas of the enterprise," said Hughes. "It's been an unheard of time on and off the pitch," he introduced. "Our guys's crew triumphing our nineteenth league identify (in June 2020) become a clearly splendid success, however no longer having supporters within the stadium to proportion the moment become now not how we desired it to be."

Jurgen Klopp's Liverpool, who are simply 3 factors behind Premier League leaders Manchester City, take on Chelsea in the League Cup very last on Sunday.

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