LFC have announced their financial figures for 22/23 and are pretty happy with the growth in commercial revenues.
Here is a summary of the stats:
- Media revenue fell by £19m to £242m
- Matchday revenue fell by £7m to £80m
- Commercial revenue rose by £25m to £272m
- Administrative costs rose by £17m to £562m
- Overall revenue remained static at £594m
- Loss before tax was £9m
“Operating this great club in a financially sustainable manner and in accordance with football’s governing principles has been our priority since FSG acquired LFC in 2010,” said managing director Andy Hughes.
“Despite the significant growing costs of football, the success of our commercial operations demonstrates the strength of our underlying financial position so we can continue to operate sustainably while competing at the highest levels of football.
“We’re really excited to see the completion of the new Anfield Road Stand in the coming months. Having a record league attendance this year demonstrates just how far we’ve come since starting the significant capital investment to redevelop Anfield 10 years ago. Matchday revenue is a hugely important part of our overall financial sustainability model.
“Having the ability to grow our controllable income streams is a crucial part of our long-term plans, which enables us to continue reinvesting both on and off the pitch to support both our men’s and women’s teams’ ambitions.
“While these financial results are a moment in time on our journey, what remains constant is the growing global appeal of the club and, thanks to our amazing support, LFC continues to be the most-globally-followed club in the Premier League.
“We look forward to the remainder of this season with our men’s and women’s teams finishing as strongly as possible with continuing success.”
Read a full statement of the annual financial accounts here
