Liverpool reveals the size of its financial losses due to Corona
Liverpool Football Club announced financial losses of 46 million pounds ($ 63.8 million), before taxes, for the fiscal year that ended in May of 2020, which comes as a negative rate of 88 million pounds compared to the club's position 12 years ago. Months. The British news agency "BA Media" stated that the loss of broadcast revenues and public attendance due to the Corona virus crisis, made a huge difference, and the same agency also made clear that the Corona impact will cause a total loss of 120 million pounds for the club until the time comes to allow fans to return to the stadiums.
In March 2020, Liverpool announced a profit of 42 million pounds sterling, for the fifth time in the last six years for the English club, but the Corona virus crisis, postponing the League competition and then resuming it without a public presence caused the club's resources to be weakened. The impact of Corona caused the "Fenway Sports" group, which owns the club, to sell 10 percent of the club's shares for 543 million pounds to the private investment company, Red Bird Capital, in order to provide stability and continuity to the club's income.
The team received a big financial boost after winning the Premier League title for the first time (with the new Premier League system), although it did not happen until June 2020, when the German coach Juergen Klopp's team was about to win the title before the general closure was imposed.
Liverpool's income this year also included about £ 4.3 million from winning the Champions League title in 2019, as this came outside the previous financial reporting period, taking advantage of the club's huge revenues after reaching the final match, and £ 3.8 million after winning the Super Cup. European Union in August 2019.
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