Liverpool’s huge cash loss as financial impact of COVID-19 pandemic laid bare
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Liverpool’s financial hit during the coronavirus pandemic will reach nine figures according to a report.
Like many football clubs around the world, the Reds have been counting the cost of the three-month period without any matches, and the ongoing lack of supporters allowed into Anfield.
The Reds wrapped up their first top-flight league title in 30 years shortly after the return of football in June, and will head into the new season this weekend seeking to defend their 19th league crown.
But some fans have been critical of Liverpool’s approach in the transfer market this summer, with the Reds only bringing in left-back Kostas Tsimikas for around £11.75million shortly after Dejan Lovren had been sold to Zenit St Petersburg for a similar amount.
(Image: Pool via REUTERS)
It seems obvious that this approach is being dictated by the club’s finances, as the Reds count the cost of the pandemic which seems set to top £100million.
A report from The Athletic quotes a source familiar with the club’s finances saying: “It’s a moving target, especially with what happened this week with the government reviewing plans to start letting fans back into grounds again, but it’s [the loss] going to be into nine figures.
“There’s still no clarity on exactly when match-day revenues will recover and that’s the revenue stream that’s taken the biggest hit.
(Image: Liverpool FC via Getty Images)
“It’s not just the tickets. It’s everything that goes with having 54,000 inside Anfield every week. It’s the hospitality; not only inside Anfield but off site, too.”
Liverpool have been linked with a move for the Bayern Munich midfielder Thiago Alcantara this summer, while the club would also like to add an attacker who can act as cover for Roberto Firmino, Mohamed Salah and Sadio Mane.
Gini Wijnaldum has been linked with a move to Barcelona, but the Dutch midfielder is prepared to stay and see out the final year of his contract.
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