Finance guru: Almost £84m lost for good as Liverpool launch lawsuit
Liverpool will still recoup far less than their annual matchday income even if they win an upcoming Covid insurance lawsuit.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the impact the pandemic had on the Merseysiders’ finances.
CityAM reported last Tuesday (17 May) that they are one of several clubs to file a multi-party lawsuit against six major insurers.
It is understood that the collective are unhappy with what they believe to be inadequate business insurance payouts as Covid meant that stadiums remained shut for much of 2019-20 and 2020-21.
Liverpool trousered £84million in matchday income in the last unaffected season on record, 2018-19.
Plumley argues that, even if the legal proceedings are successful, the club will still receive nowhere near that figure.
“In the grand scheme of things, what they are getting back is very small compared to what a club like Liverpool would earn in matchday income,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“The real problem is that there is no real benchmark in the past to base this sort of thing off. If someone gets a payout that is higher than someone else, others are going react.
“If Liverpool feel they aren’t getting a fair deal, they are within their rights to challenge it.”
Unlike some of their Premier League rivals, Liverpool have not provided an analysis of exactly how much the pandemic cost them.
Matchday revenue will soar once the £80m redevelopment of Anfield Road is complete.
In other news, medical expert rubbishes Jurgen Klopp claim as “unique” Liverpool dressing room situation analysed.