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Liverpool Announce £20million Loss

Liverpool have announced that they lost £20m last year. The clubs latest numbers cover the period August 2009 to July 2010 when the club was under the ownership of Tom Hicks and George Gillett.

The accounts, obtained exclusively by the Liverpool Echo, show that Liverpool paid £17.7m in interest payments in 2010, up from almost £13m in 2009. Under the stewardship of Fenway Sports Group, interest payments in 2011 are expected to be around £3m

In addition the firing of Rafael Benitez and staff cost the club almost £8m.

Some of the other numbers include:

  • Revenues increased by £7m from £177m to £184m. Those numbers do not include the record £81million shirt sponsorship deal which Liverpool recently signed
  • There was a profit of £23m returned on player trading – almost all of that down to the sale of Xabi Alonso to Real Madrid.
  • Media revenues at Anfield were up by £5m to touching £80m.
  • Administration expenses’ at Anfield increased by £20m from £162m to £182m – largely reflecting costs related to extensions of contracts with players.