Kieran Maguire issues strong FSG claim after £366m Liverpool payout confirmed
Fenway Sports Group are “struggling” to manage costs at Liverpool after a huge rise in the club’s wage bill last season.
That is the opinion of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the latest financial report released by Liverpool this week.
Liverpool announced their financial results for the year ending May 31, 2022, this week, with the Anfield club recording improved revenue of £594million – a £107million increase from the year prior.
But pre-tax profits were recorded at just £7.5million, with media revenue falling and administrative costs rising significantly.
Wages at Liverpool have increased 75 per cent since 2017, with the Reds now overtaking rivals Man City with a £366million wage bill.
Maguire praised the “very impressive” revenue at Liverpool, but insists we have to be cautious when reading into the club’s profits.
“I think the revenue figure is very impressive indeed,” Maguire told Football Insider’s Sean Fisher.
“It shows the return on investment that is being generated through the strategy of FSG.
“But they are struggling to control costs with wages going up 18 per cent – part of that will be bonus-related from winning the domestic cups
“They also reached the Champions League final, and the profit figure, I think we have to be a little bit cautious about because if that’s the profit before tax, it doesn’t necessarily reveal the underlying profit.
“The frustrating thing is that Liverpool had the opportunity to release the full accounts as opposed to giving this greatest-hits summary press release.
“The rationale behind this is that the media will pick up on the headline figures.
“The full accounts will come out in a week or two but by then the circus has moved on to another topic.“
In other news, Liverpool make move for Brighton star as price revealed- he’s ‘ready to go’