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Liverpool’s debts are going down, but club still lost $83 million last season

Mar 4, 2014, 11:30 AM EDT

Goalscorers will be looking to sniff out some extra 'presents' on Boxing Day. Getty Images

Liverpool cut its debt down by nearly 1/3 last season, but still lost approximately $83 million during the 2012/13 season.

But the club is touting the numbers as progress towards stability and profit in the big money world of English football, especially when you consider the prospect of making money in European football next season (something they were unable to achieve in 2012/13).

American owners Fenway Sports Group poured over $78 million into the club to reduce their stadium debts at Anfield, which is a big part of the gains.

Club managing director Ian Ayre said: “These results demonstrate that the financial health of the club continues to make good progress as we continue our journey to transform the club on and off the pitch.

“Over the past four or five years, revenue has been consistently increasing from around £170m in 2009 to over £200m today, and external debt has decreased significantly to less than £50m.

“With a hugely supportive ownership group, we have taken a measured approach to bring back financial stability to this great club by ensuring it is properly structured on and off the pitch.”

Perhaps Liverpool can make a run from their No. 9 spot the Deloitte Money League soon, as they chase the world and fellow English clubs Manchester United, City, Arsenal and Chelsea.

  1. dfstell - Mar 4, 2014 at 11:42 AM

    This is the thing that gets me…..as everyone is chortling over how Manchester United is headed into the toilet and to a Liverpool-esque fade from relevance, they aren’t considering the financial position of the two clubs. Even though Liverpool IS a big club, are there not a big, big club and this proves it. Just to do what they’re doing, they are spending beyond their means and losing money. United makes money even with the “staggering” debt that everyone likes to point out. United will be fine. Liverpool is doing something very non-sustainable right now.

    • dfstell - Mar 4, 2014 at 12:17 PM

      Thumbs down it all you want. $83MM is probably more than the first team’s salary. Liverpool may have to sell players just to even up the books. There’s probably FFP issues as well both in Europe and in the league. My goodness wouldn’t that be funny if Liverpool finally qualified for Europe again and then got kicked out for FFP issues.

      • Ian's Rushtache - Mar 4, 2014 at 4:15 PM

        So this is how desperate you Mancs have become? Seeing your drivel and knowing this makes me smile.

        Wouldn’t it be funny if Sir Bully Baconface appointed his successor and the club couldn’t manage to qualify for Europe? This scenario is much much more likely to occur than the one you propose.

      • Ian's Rushtache - Mar 4, 2014 at 4:16 PM

        By the way, 76 clubs are on the FFP list and Pool ain’t one. Keep your fantasies in your bathroom mate.

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