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      LFC Accounts 2019/20 - £46M loss

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      CT_LFC
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      LFC Accounts 2019/20 - £46M loss
      Apr 27, 2021 01:51:25 pm
      Liverpool has released financial results ending May 31,2020

      Pandemic impacts final three months of accounts

      Media revenue down by £59m to £202m (PL games extended past reporting period)
      Matchday revenue down by £13m to £71m
      Commercial revenue up by £29m to £217m
      Overall revenue down by £43m to £490m
      Loss before tax was £46m


      https://www.liverpoolfc.com/news/announcements/432375-lfc-announces-financial-results-for-year-to-may-31-2020
      « Last Edit: Apr 27, 2021 05:40:13 pm by JD »
      FATKOPITE10
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      Re: LFC Accounts 2019/20
      Reply #1: Apr 27, 2021 02:08:53 pm
      Liverpool has released financial results ending May 31,2020

      Pandemic impacts final three months of accounts

      Media revenue down by £59m to £202m (PL games extended past reporting period)
      Matchday revenue down by £13m to £71m
      Commercial revenue up by £29m to £217m
      Overall revenue down by £43m to £490m
      Loss before tax was £46m


      https://www.liverpoolfc.com/news/announcements/432375-lfc-announces-financial-results-for-year-to-may-31-2020

      Cue all the amateur accountants
      « Last Edit: Apr 27, 2021 05:37:54 pm by JD »
      L4.19Times
      • Forum Roger Hunt
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      Re: LFC Accounts 2019/20
      Reply #2: Apr 27, 2021 02:12:00 pm

      Wouldn’t attempt to get involved in all that but only thing that jumps out to me is those loses are only the first 3 months of this pandemic  :-\
      Shabs
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      Re: LFC Accounts 2019/20
      Reply #3: Apr 27, 2021 02:31:53 pm
      Wow,now the biggest irrelevant person on this forum,your all coming out of the woodwork now,a sado Manc who has no life that he trolls people on the Liverpool fc forum,GET A LIFE YOU SAD LITTLE MAN.

      You post like Heimdall...just saying...
      CT_LFC
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      Re: LFC Accounts 2019/20
      Reply #4: Apr 27, 2021 02:38:11 pm
      Wouldn’t attempt to get involved in all that but only thing that jumps out to me is those loses are only the first 3 months of this pandemic  :-\

      Yea, my initial reaction was "f**k, 46M loss and only 3 months of the pandemic are included". However, while we'll have the remaining impact from matchday revenue, it looks like it would be offset by media revenue that pushed out of this reporting period due to date extension of the PL. Still expect another loss in the following reporting period, though.
      FL Red
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      Re: LFC Accounts 2019/20
      Reply #5: Apr 27, 2021 03:42:22 pm
      Yea, my initial reaction was "f**k, 46M loss and only 3 months of the pandemic are included". However, while we'll have the remaining impact from matchday revenue, it looks like it would be offset by media revenue that pushed out of this reporting period due to date extension of the PL. Still expect another loss in the following reporting period, though.

      Pearce has been saying the total hit is around 120m.

      Which really shouldn't be that big a deal since we are now worth about 10x what FSG paid for us...so I'd suggest they suck up the loss and back the boss and Edwards to get us some new players this summer. No excuses.
      Arab Scouse
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      Re: LFC Accounts 2019/20
      Reply #6: Apr 27, 2021 04:11:10 pm
      Pearce has been saying the total hit is around 120m.

      Which really shouldn't be that big a deal since we are now worth about 10x what FSG paid for us...so I'd suggest they suck up the loss and back the boss and Edwards to get us some new players this summer. No excuses.

      Value does not equal to revenues.

      You can have debt + assets that contribute massively to value and worth but it doesn't mean you are liquid enough or you carry enough cash to buy players. You need revenue to contribute.

      You can't expect us to go buy 50 or 60m players in the summer when our losses are around 120m, unless you are ok with the club increasing their debt to finance new players.
      Lallana in Pyjamas
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      Re: LFC Accounts 2019/20
      Reply #7: Apr 27, 2021 04:59:10 pm
      Pearce has been saying the total hit is around 120m.

      Which really shouldn't be that big a deal since we are now worth about 10x what FSG paid for us...so I'd suggest they suck up the loss and back the boss and Edwards to get us some new players this summer. No excuses.

      Don’t think it’s as easy as that - maybe an inter club loan etc but the club may well suck up the losses but then have to look at the spend that can be made during the summer
      FL Red
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      Re: LFC Accounts 2019/20
      Reply #8: Apr 27, 2021 05:33:42 pm
      Value does not equal to revenues.

      You can have debt + assets that contribute massively to value and worth but it doesn't mean you are liquid enough or you carry enough cash to buy players. You need revenue to contribute.

      You can't expect us to go buy 50 or 60m players in the summer when our losses are around 120m, unless you are ok with the club increasing their debt to finance new players.

      I’m ok with our owners eating the debt, they can finance it with a loan to the club that never gets paid back for all I care.
      JD
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      Re: LFC Accounts 2019/20
      Reply #9: Apr 27, 2021 05:39:41 pm
      Liverpool have made a pre-tax loss of £46m for the year ending 31 May, 2020.

      Having made a pre-tax profit of £42m for the previous year, it represents a swing of £88m for the Reds.

      The figures cover the start of the coronavirus pandemic, which caused the Premier League to be halted between March and June 2020.

      When the campaign did resume, it did so behind closed doors as Liverpool went on to win the top-flight title for the first time since 1990.

      The club said the results showed the "initial impact of the pandemic" and that "matchday revenue was down by £13m to £71m as a result of four fewer Premier League home games during this period".

      Media revenue was down by £59m to £202m and, while commercial income rose by £29m to £217m, overall revenue reduced by £43m to £490m.

      The results have been published nine days after it was announced that Liverpool, along with five top-flight rivals, had signed up to join the European Super League - although all six clubs then withdrew.

      In October 2020, Manchester United announced a net £23.2m loss, while Manchester City reported a loss of £126m for the 2019-20 season in April 2021.

      https://www.bbc.co.uk/sport/football/56902405
      hardcoresoldier
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #10: Apr 27, 2021 05:46:43 pm

      That's exactly what i was thinking!  :lmao: :lmao: :lmao:

      FATKOPITE10
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #11: Apr 27, 2021 06:11:22 pm
      You post like Heimdall...just saying...

      One is enough
      FATKOPITE10
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #12: Apr 27, 2021 06:21:10 pm
      I am not a financial expert but having looked at lfc's accounts I reckon if we stick all the players on minimum wage and sell the ground we can afford haaland and mbappe.  I believe the phrase no brainer is appropriate
      bmck
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #13: Apr 27, 2021 06:48:13 pm
      Likely out of the CL next year too, so not great news there for the pencil pushers.
      JD
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #14: Apr 27, 2021 07:47:43 pm
      Likely out of the CL next year too, so not great news there for the pencil pushers.

      Somewhere between 70 to 90M depending on how far you go.

      No CL is about the same amount as no fans in Anfield all season.
      tezmac
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #15: Apr 27, 2021 07:59:49 pm
      Let's hope the owners are forced to sell...
      ToshackKeeganOneNil
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #16: Apr 27, 2021 08:04:59 pm
      Let's hope the owners are forced to sell...
      Who would your preferred bidders be?
      tezmac
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #17: Apr 27, 2021 08:09:28 pm
      Someone who could enable us to compete with City of Chelsea
      tezmac
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #18: Apr 27, 2021 08:10:49 pm
      Someone who could enable us to compete with City of Chelsea

      Even Everton spend more than these minges, and with the losses and no Europe we will be spending even less
      Lallana in Pyjamas
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #19: Apr 27, 2021 08:12:02 pm
      Let's hope the owners are forced to sell...

      Why would they be forced to sell  :f_doh:
      Lallana in Pyjamas
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #20: Apr 27, 2021 08:12:47 pm
      Someone who could enable us to compete with City of Chelsea

      Have we not competed with City over the last 3/4 years and certainly out competed Chelsea
      tezmac
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #21: Apr 27, 2021 08:14:48 pm

      Well maybe want to sell then the skinflints, wait till the summer no Europe no signings
      tezmac
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #22: Apr 27, 2021 08:17:01 pm
      Have we not competed with City over the last 3/4 years and certainly out competed Chelsea

      Yes we have at least been on par with these teams, but no investment in January when we were desperate will set us back Two seasons in which time will we recover
      Brian78
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #23: Apr 28, 2021 09:27:58 am
      Every club will be the same.

      Might actually see reductions in the stupid prices clubs want for players now.

      Losses made = we need money

      All other clubs made losses = less money to buy our players.

      Maybe not
      UncleBob
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #24: Apr 28, 2021 11:41:34 am
      Every club will be the same.

      Might actually see reductions in the stupid prices clubs want for players now.

      Losses made = we need money

      All other clubs made losses = less money to buy our players.

      Maybe not


      Or it will see the idea of £77 a ticket again to make up the costs.

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