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Liverpool announce significant pre-tax losses as coronavirus hits Reds finances hard
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mirror.co.ukLiverpool have announced pre-tax losses of £46million for the financial year ending on May 31, 2020. The Reds also revealed their overall revenue for the period stood at £490m - down £43m on the previous year.
Understandably the club's matchday revenue took a hit of £13m due to having four home matches take place without the presence of fans, due to the outbreak of the coronavirus pandemic.
Media revenue also fell by £59m with a club statement attributing the drop to the Premier League season finishing later than had been expected in July, which fell outside of the financial year.
One positive was a boost in commercial income to the tune of £29m, taking their total amount for that sector to £217m. Liverpool also retained long-term
Read more on mirror.co.uk
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