Liverpool FC's pre-tax losses were slashed by more than £40m during their financial year which also saw a 95% slump in matchday revenue.
The Premier League club have posted losses of £4.8m for the year to May 31, 2021, a drop of £41.5m, while its media revenue rose by £64.5m to £266.1m.
The Reds' commercial revenue increased by £200,000 to £217.6m but its overall revenue fell by £3m to £487m.