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      LFC Accounts 2019/20 - £46M loss

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      L4.19Times
      • Forum Roger Hunt
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #25: Apr 28, 2021 11:43:49 am
      Or it will see the idea of £77 a ticket again to make up the costs.

      Haha

      Let’s hope you aren’t their advisor

      I don’t even think these would be as thick to try his again, but even if they did, right now?  :D :D
      Dadorious
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #26: Apr 28, 2021 11:55:52 am
      We now have the second highest wage bill only 20m behind City and well in front of Chelsea. So we are competing with them a crying shame we’ve had the like of Naby and Ox hitting 6 figures a week. Was masked by our success on field last year but this season everything’s out in the wash.
      srslfc
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #27: Apr 28, 2021 12:05:32 pm
      We now have the second highest wage bill only 20m behind City and well in front of Chelsea. So we are competing with them a crying shame we’ve had the like of Naby and Ox hitting 6 figures a week. Was masked by our success on field last year but this season everything’s out in the wash.

      We're paying a lot of wages to either sit on the bench or the treatment room.

      You can bet this is being looked at I'm great detail and a plan to start to reverse this during the summer.
      Robby The Z
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #28: Apr 28, 2021 12:14:10 pm
      We're paying a lot of wages to either sit on the bench or the treatment room.

      You can bet this is being looked at I'm great detail and a plan to start to reverse this during the summer.

      I would expect any club will regularly look at it's wage bill to see what value they are getting for what they are paying. The decision-making over whether to continue on with an under-performing player or cut him loose can be trickier than simply declaring on a message board yea or nay. It did feel in that Champions League game like Naby had maybe crossed a threshold on his way out. We'll see
      srslfc
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #29: Apr 28, 2021 12:17:54 pm
      I would expect any club will regularly look at it's wage bill to see what value they are getting for what they are paying. The decision-making over whether to continue on with an under-performing player or cut him loose can be trickier than simply declaring on a message board yea or nay. It did feel in that Champions League game like Naby had maybe crossed a threshold on his way out. We'll see

      Of course mate and I think one or two of our players have made that decision easier, or at least the reluctance of the manager to pick them has as well.

      ORCHARD RED
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #30: Apr 28, 2021 12:28:03 pm
      I'm surprised the wage bill hasn't been trimmed by reducing the amount of non football related staff.
      No surprise the losses are so high,  covid has screwed every club financially.
      ruthcity
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #31: Apr 28, 2021 04:24:51 pm
      When we make a loss, the wage bill comes up. When we don’t win enough, the we should recruit better players comes up. Recruiting/attracting better players will cause deeper losses.

      If the owners do not plug the losses or finance player recruitment, they’re damned. We all expect the owners to find money from elsewhere (don’t care how and no idea from where) to bankroll our player recruitment. We stay positive by saying sell to someone better. How much will the owners offer and who will buy at their valuation and bankroll our player recruitment thereafter?

      I’ve learnt that saying sell out, get out, bankroll us, is so easy. But thinking deeper about the possibilities and the other moving parts, these at the end of the day are just wishes. We can look and stare at fairy tale Man City and compare. We will never get there. Just walk on with lots of hope in our hearts we get a man City type of owner eventually.
      JD
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #32: Apr 28, 2021 04:51:20 pm
      We're paying a lot of wages to either sit on the bench or the treatment room.

      I'm assuming the club have some form of insurance in place for longer term injuries, or maybe just career ending ones?
      Brian78
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #33: Apr 28, 2021 04:53:21 pm
      Or it will see the idea of £77 a ticket again to make up the costs.


      They dare not
      -LFC-
      • Forum Legend - Fagan
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #34: Apr 28, 2021 06:35:03 pm
      Surprised our wage bill is what it is. I remember a time when Chelsea’s wage bill was astronomical compared to ours but seems to be a bit more even these days. I wonder how much of that is down to bonuses and performance related pay from us winning the CL? How many players can you say are actually worth their wage?
      CT_LFC
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #35: Apr 28, 2021 06:44:58 pm
      Surprised our wage bill is what it is. I remember a time when Chelsea’s wage bill was astronomical compared to ours but seems to be a bit more even these days. I wonder how much of that is down to bonuses and performance related pay from us winning the CL? How many players can you say are actually worth their wage?


      Despite people bitching and moaning and crying crocodile tears this team has world class players all over the squad.

      Alisson, Van Dijk, Salah, Mane, Fabinho, Thiago, etc etc are not here playing at a bargain out of their kindness of their heart.
      ToshackKeeganOneNil
      • Forum Phil Babb
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #36: Apr 28, 2021 07:11:34 pm
      Someone who could enable us to compete with City of Chelsea

      So you have absolutely no idea. You just want someone to spend the same as the £2billion ADFC have to assemble a squad even although we won the the CL and the League without doing that. Hmmm.
      tezmac
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #37: Apr 28, 2021 07:23:17 pm
      Or it will see the idea of £77 a ticket again to make up the costs.


      More likely
      -LFC-
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #38: Apr 28, 2021 07:56:42 pm

      Despite people bitching and moaning and crying crocodile tears this team has world class players all over the squad.

      Alisson, Van Dijk, Salah, Mane, Fabinho, Thiago, etc etc are not here playing at a bargain out of their kindness of their heart.

      Yes but seems to have happened fairly recently with some of it accounted for in performance related bonuses from winning the CL.

      I think I’m right in saying City (& the Munts) have spent a good deal more than we have on wages since Klopp’s arrival and that their top earners will be on quite a bit more than ours.
      Arab Scouse
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #39: Apr 29, 2021 12:01:24 pm
      People wanting Man City owners

      Same owners who wanted Man City in the super league but their supporters don't go crazy on them because they are ultra rich and they cheat their way into spending more than what the club earns and excuses of  "how they care about Man City" or they are "protecting their legacy" BS (What legacy?!?!) when the owners themselves are into making more money.

      Yet when it comes to our owners who aren't as rich it's different. Fans complain about "not spending enough", How can we spend when the club is barely breaking even with no fans and no match day revenue during 2 years of the pandemic.
      FL Red
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #40: Apr 29, 2021 01:30:06 pm
      People wanting Man City owners

      Same owners who wanted Man City in the super league but their supporters don't go crazy on them because they are ultra rich and they cheat their way into spending more than what the club earns and excuses of  "how they care about Man City" or they are "protecting their legacy" BS (What legacy?!?!) when the owners themselves are into making more money.

      Yet when it comes to our owners who aren't as rich it's different. Fans complain about "not spending enough", How can we spend when the club is barely breaking even with no fans and no match day revenue during 2 years of the pandemic.


      We didn't spend on the back of winning the Champion's League either so I don't think it has anything to do with revenue...I think it's just that the owners won't spend anything they don't make off of sales. Which I guess is what they always said they would...but that doesn't mean people have to like it.
      CT_LFC
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #41: Apr 29, 2021 01:31:22 pm
      We didn't spend on the back of winning the Champion's League either so I don't think it has anything to do with revenue...I think it's just that the owners won't spend anything they don't make off of sales. Which I guess is what they always said they would...but that doesn't mean people have to like it.

      If that was the case our net spend would be zero, which is not, therefore this is obviously false.
      FL Red
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #42: Apr 29, 2021 01:41:11 pm
      If that was the case our net spend would be zero, which is not, therefore this is obviously false.
      Don't be a pedant.

      Something like 75m over Klopp's first four seasons? That's not even 20m per year.

      Chump change.
      Lallana in Pyjamas
      • Forum Legend - Fagan
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #43: Apr 29, 2021 02:00:36 pm
      Don't be a pedant.

      Something like 75m over Klopp's first four seasons? That's not even 20m per year.

      Chump change.


      Where else do people expect the money to come from ?


      The club spends the money it makes from all avenues


      I have no idea when the fascination started about net bloody spend


      Will always ask - imagine it’s 1987 , Liverpool sell Ian Rush and use the funds to buy players like Beardsley and Barnes - did we cry about net spend then or using a player being sold to help finance a player arriving - or even when we sold Keegan and Kenny arrived - it just happened and we moved on.


      Right now far too much focus on net f**king spend and using player sales to help fund players arriving - so what 🤷‍♂️ It’s what we have always done

      Club gets money from multiple sources
      Club uses money to spend on multiple areas

      Simple
      Tayls
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #44: Apr 29, 2021 02:02:41 pm
      Yes but seems to have happened fairly recently with some of it accounted for in performance related bonuses from winning the CL.

      I think I’m right in saying City (& the Munts) have spent a good deal more than we have on wages since Klopp’s arrival and that their top earners will be on quite a bit more than ours.

      According to the Swiss Ramble analysis of the accounts; "Despite the revenue fall, #LFC wage bill rose £16m (5%) from £310m to £326m. Highly incentivized bonus scheme for winning the Premier League, Champions League, etc. Wages have increased by £117m (56%) in the last 3 years, the highest growth of the Big Six.".

      Following this growth, #LFC £326m wages are now second highest in the Premier League, only below #MCFC £351m. They overtook #MUFC £284m last season and are also ahead of #CFC £283m, #AFC £225m, #THFC £181m and #EFC £165m. Should fall this season, due to lower performance bonuses.

      Wages to turnover ratio has also increased (although not as much as others in the PL apparently): #LFC wages to turnover ratio worsened from 58% to 66%, the club’s highest since 2016, though this was still one of the better results in the Premier League. If we adjust for the estimated COVID revenue loss, it would have been a highly respectable 59%.

      There's lots of other interesting graphs and numbers you can look at here: https://twitter.com/SwissRamble/status/1387289812282101760
      CT_LFC
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #45: Apr 29, 2021 02:42:25 pm
      Don't be a pedant.

      Something like 75m over Klopp's first four seasons? That's not even 20m per year.

      Chump change.

      Pedant? you're the one making absolute statements such as "won't spend anything they don't make off of sales" which is clearly false.

      The past 5 years Klopp has had a net spend in excess of 150M GBP.

      If you want them to spend like City, Chelsea and United and are unhappy with our total spend, fine, but at least present facts.
      L4.19Times
      • Forum Roger Hunt
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #46: Apr 29, 2021 02:51:15 pm
      Pedant? you're the one making absolute statements such as "won't spend anything they don't make off of sales" which is clearly false.

      The past 5 years Klopp has had a net spend in excess of 150M GBP.

      If you want them to spend like City, Chelsea and United and are unhappy with our total spend, fine, but at least present facts.

      Actually the last 5 years has been about 107m net

      https://www.planetfootball.com/quick-reads/the-20-premier-league-clubs-ranked-by-net-spend-over-last-five-years/

      About 2/3s of the clubs in the league have a higher net spend

      Makes Jurgens achievements even more the impressive
      CT_LFC
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #47: Apr 29, 2021 02:56:05 pm
      According to the Swiss Ramble analysis of the accounts; "Despite the revenue fall, #LFC wage bill rose £16m (5%) from £310m to £326m. Highly incentivized bonus scheme for winning the Premier League, Champions League, etc. Wages have increased by £117m (56%) in the last 3 years, the highest growth of the Big Six.".

      Following this growth, #LFC £326m wages are now second highest in the Premier League, only below #MCFC £351m. They overtook #MUFC £284m last season and are also ahead of #CFC £283m, #AFC £225m, #THFC £181m and #EFC £165m. Should fall this season, due to lower performance bonuses.

      Wages to turnover ratio has also increased (although not as much as others in the PL apparently): #LFC wages to turnover ratio worsened from 58% to 66%, the club’s highest since 2016, though this was still one of the better results in the Premier League. If we adjust for the estimated COVID revenue loss, it would have been a highly respectable 59%.

      There's lots of other interesting graphs and numbers you can look at here: https://twitter.com/SwissRamble/status/1387289812282101760

      The only truly expensive player we've added the past couple of years is Thiago, who i assume makes big wages. Even Jota i imagine isn't making all that much compared to our big names.

      Wonder who's gotten new contracts recently?
      CT_LFC
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #48: Apr 29, 2021 02:56:59 pm
      Actually the last 5 years has been about 107m net

      https://www.planetfootball.com/quick-reads/the-20-premier-league-clubs-ranked-by-net-spend-over-last-five-years/

      About 2/3s of the clubs in the league have a higher net spend

      Makes Jurgens achievements even more the impressive

      https://www.transfermarkt.co.uk/fc-liverpool/alletransfers/verein/31

      150M from here.

      But the takeaway should be that higher spend does not equal better outcome. It's how you buy not how much you pay for it that truly matters.

      That doesn't go well with the net spenders, though. Same hypocrites crying crocodile tears days earlier calling the owners greedy yet all they care about is higher spend.

      L4.19Times
      • Forum Roger Hunt
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      Re: LFC Accounts 2019/20 - £46M loss
      Reply #49: Apr 29, 2021 02:59:18 pm
      The only truly expensive player we've added the past couple of years is Thiago, who i assume makes big wages. Even Jota i imagine isn't making all that much compared to our big names.

      Wonder who's gotten new contracts recently?

      Alot of the contracts we have are apparently incentive based on winning things, the success the last couple of years has likely driven the wage bill up

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