When Liverpool published their 2019/20 accounts early in April of last year the picture painted was rather bleak.
Having posted a £42m pre-tax profit in 2018/19 thanks in no small part to their success in winning the Champions League, a feat that delivered around £113m in revenues to help Liverpool to a club record turnover of £533m, the accounts for 2019/20 saw that profit swing to a £46m pre-tax loss.
The onset of the Covid-19 pandemic played a significant role. While only three months of the season was affected by the pandemic, the pausing of the season in March and subsequent restart in June meant that the broadcasting revenues were severely impacted.
