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How Liverpool can deal with UEFA rule change after £106m rise

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Through success achieved on the pitch in recent seasons, Liverpool's wage bill has risen significantly.

The Reds' wage bill has shot up by 95 per cent since 2015, rising at a far steeper rate than the 64 per cent growth in revenues, with the club now having the second biggest payroll in the Premier League at £325m, behind Manchester City's £351m.

The wage bill, which it should be noted is inclusive of all staff at the club, as is the case with the other Premier League clubs when they display their wages in their financial accounts, has risen in line with investment into better players, handing out improved contracts to key performers as well as significant bonus payments received for winning the Champions League in 2019 and the Premier League in 2020, although the latter has not yet been reflected in official audited accounts due to the 2019/2020 season finishing after the end of the 2020 financial year.

On the basis of the 70 per cent rule, using the figures from the 2018/19 season as opposed to last year's pandemic affected revenues, Liverpool would have a salary cap of £373m, £48m lower than where their wage bill stood for the 2019/20 reporting period.

Liverpool owners FSG are used to having to manage a luxury tax through their ownership of the Major League Baseball side Boston Red Sox.

Salary caps have been in use in Spain for a number of seasons with Barcelona and Real Madrid afforded enormous leeway.

The idea of a salary cap and a 'luxury tax' is something that UEFA are stuck on and look set to press ahead with trying to implement in the not too distant future.
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