Some Liverpool fans have taken to Twitter to give their reaction to the announcement of the club’s financial accounts for the year to May 31, 2020.
Liverpool have announced on their official website this morning their financial account for the year to May 31, 2020..
As outlined in the statement, the defending Premier League champions have been adversely affected by the global health crisis.
Media revenue was down by £59 million to £202 million, matchday revenue was down by £13 million to £71 million, and the loss before tax was £46 million.
Such a loss was to be expected given the entire world is struggling financially due to the global health crisis.
The Premier League was suspended in March 2020 as well, and that did affect the club’s matchday revenue.
It is very likely that Liverpool will post a pre-tax loss for this season as well, and some fans are worried that the club’s owners, Fenway Sports Group (FSG), may not spend a lot of money on new players in the summer transfer window.
Liverpool, who won the title in 2019-20, are having a bad season and could end up outside the Premier League top four.
If there is no Champions League football next season, then the Merseyside club could struggle financially to pay big transfer fees and salaries to prospective new players.
Some Liverpool fans are worried about the club staying competitive moving forward, and below are some of the best comments on Twitter:
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