Liverpool hit with huge bill after winning Premier League as £428m reveal explained

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However, it was also revealed that the club have the highest wage bill in the Premier League totalling £428million.All the important figures emerged in their latest financial results, which were released this morning (Friday, 27 February), and showed the Premier League champions' total revenue grew by a substantial £89m to reach £703m, representing the highest figure of any Premier League club. The £15m uplift in those figures is attributed to the club's continued dedication to hosting some of the biggest names in music, with the accounting period including performances from Pink and Taylor Swift, who performed three nights at Anfield last June as part of the successful Eras Tour.Fresh partnerships with Japan Airlines, Engelbert Strauss, Lucozade, and Swedish garden tools manufacturer Husqvarna all contributed to commercial revenue rising, whilst Liverpool also extended their longstanding agreement with beer supplier Carlsberg, which, after 42 years, represents the longest association of its kind in the Premier League.The financial year, which extends to May 31, 2025, does not, nevertheless, encompass the club's decade-long arrangement with kit manufacturers Adidas, which formally commenced on August 1 last year.

Liverpool FC's chief financial officer, Jenny Beacham, said: "We make no secret of our desire to run and operate a financially sustainable club, to grow revenue streams, and to do all we can off the pitch to help bring more success on it."The 2024/25 season is a great example of how this can work, with record revenues alongside the men's team winning our 20th league title. The challenge for us is to continue with our growth, through the incredible work that we do in areas such as our partnership portfolio and retail offerings, as well as continuing to diversify our focus to best serve our global fanbase.Winning the Premier League significantly helped Liverpool's financials (Image: (Photo by Sebastian Frej/Getty Images))"The club does face significant cost challenges, including rises in administrative, staffing and operational costs, alongside the need for us to compete at the highest level of the game, across our men and women's teams.

Since this reporting period we have invested significantly to continue to enhance our playing squads, investing in the club's present and in its future too."The figures undoubtedly enabled the Reds' recruitment team to undertake an unprecedented summer expenditure during the transfer window, breaking their transfer record on two occasions to secure £116m Florian Wirtz from Bayer Leverkusen and Alexander Isak, who became British football's most expensive player following his £125m move from Newcastle United on September 1.Liverpool committed approximately £450m last summer towards rebuilding their playing squad and generated roughly half that amount through departures, though £35m of this may remain unrealised given the ongoing uncertainty surrounding Harvey Elliott's Aston Villa loan arrangement. Read our Privacy Policy"We're also extremely proud of our ongoing and impactful work in communities through LFC Foundation and via our award-winning sustainability programme, The Red Way," added Reds chief Beacham."As always, we're fully committed to operating in accordance with football's financial rules and regulations, while continuing our focus on providing the best possible platform for success on and off the pitch for our supporters here in Liverpool and around the world."