Liverpool's modest rise in commercial activity shown in the current set of accounts should see a significant lift when next year's arrive.
The Reds published their 2020/21 financial accounts on Friday for a season that included a campaign spent almost entirely behind closed doors as stadiums remained shuttered to fans across the world due to the pandemic.
Having posted a £46m pre-tax loss in 2019/20, the accounts for 2020/21 made for better reading as, despite matchday revenue falling 95 per cent and revenue falling overall by £3m to £487m, the club made a loss of £4.8m, small in comparison to many of their Premier League rivals.