Liverpool announce massive financial loss as official accounts reveal huge pay-off for Jurgen Klopp

Liverpool have posted their financial accounts for the 2023-24 season, which features commercial revenue, their wage bill and the hefty pay-off for Jurgen Klopp and his backroom staff.

Jurgen Klopp stepped down from his role at Liverpool at the end of last season, a decision he put down to "running out of energy" amid an eventful campaign.

The Reds lifted the Carabao Cup and reached the quarter-finals of the FA Cup and Europa League before finishing third in the Premier League, but their lack of Champions League football cost them dearly.

In fact, the absence of Champions League football led to a £38 million drop in media revenue as they recorded a pre-tax loss of £57 million for the 2023-24 campaign.

"Media revenue dropped by £38 million, which is mainly related to the club’s participation in the Europa League competition compared to the Champions League in the previous season," a statement on the club's website read.

"This was partially offset by increased Premier League media revenue as a result of stronger on-pitch performance in the 2023-24 season."

Liverpool also announced that matchday revenue rose by £22 million to £102 million, not to mention a rise in commercial revenue, which increased by £36 million to £308 million.

Administrative costs also rose by £38 million to £600 million, which is mainly related to salaries and overhead costs across the club, which supported the increase in commercial revenues and the increased number of matchdays compared to the prior period.

In terms of the pay-off for Jurgen Klopp and his backroom staff, the club forked out a combined £9.6 million when they departed, according to The Athletic.

The report also suggests Liverpool's wage bill increased by £13 million to £386 million due, in part, to Champions League bonuses from the previous season, when they reached the last 16.

Alexis Mac Allister, Ryan Gravenberch, Wataru Endo and Dominik Szoboszlai were added to the payroll, while Jordan Henderson, Roberto Firmino, Naby Keita, Fabinho, Alex Oxlade-Chamberlain and James Milner left in the summer of 2023.

Ryan Gravenberch joined from Bayern Munich for around £34.2m, while Conor Bradley penned a new deal in December 2023. Image credit: Getty

A total of 11 contracts were extended, including Kostas Tsimikas, Conor Bradley and Ben Doak.

For the women’s team, seven new players signed for the club, including Natasha Flint, Jenna Clark, Mia Enderby, Teagan Micah, Grace Fisk, Marie Höbinger and Sophie Roman Haug.

Five contracts were extended, including Niamh Fahey, Yana Daniels and Ceri Holland.

In total, Liverpool announced that the overall revenue rose by £20 million to £614 million, while the loss before tax was £57 million.