Liverpool reported pre-tax losses of 57 million pounds ($71.8 million) in its latest financial accounts on Friday. The losses came despite the Premier League club reporting record commercial revenues of 308 million pounds ($387.8 million) for the year.

Liverpool on Friday posted a loss before tax of £57 million ($72 million) for the 2023/24 season as their Champions League absence and soaring administrative costs took a toll. After a loss of £9 million in the previous season,

Liverpool made a pre-tax loss of £57 million ($71.81m) last season with a rise in salaries and overhead costs offsetting increased revenue, the Premier League club said on Friday.