Liverpool are losing “almost £1million per week” but their financial position will improve as they enter the post-pandemic era.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Liverpool released their annual report.

The headline figure in the accounts, which take in the title-winning 2019-20 campaign, is a £46m loss.

Liverpool owner

That is compared to a £42m profit over the same period in 2018-19 as overall turnover also fell by £43m.

But Maguire remains optimistic about Liverpool’s financial prospects, claiming that FSG’s masterful control of the budget means they have avoided the worst.

He told Football Insider correspondent Adam Williams: “I think they are solid results. There is a lot of upsides still to come from Liverpool. 

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“They had a 31 May year-end so it didn’t include the last seven games of last season. They’ll get the benefits of that next year.

“Obviously, losing almost £1m a week is awful but it could have been a lot worse.

“FSG have always been pretty hot in terms of keeping wages at a level that is sustainable.

“That long-term strategy is starting to bear fruit. The losses could have been a lot higher if they’d gone chasing big players on big wages.

“If you compare it to other clubs, their loss is comparatively low.”

One major upside of the results for Liverpool and FSG was the club’s commercial performance.

Commercial revenues rose by £29m to £217m as directors struck eight new partnerships.

In other news, Liverpool star Shaqiri tipped to sign for Premier League club amid major development.