Liverpool spent £117million more in wages in 2019-20 than they did over the previous campaign – but their wage bill is set to plummet this season.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Liverpool revealed their salary outlay in their end-of-year report.
The club spent £325m in wages over the course of the 2019-20 financial year, a huge increase on £208m they spent in 2018-19.
#LFC has today filed its consolidated financial accounts for the year to May 31, 2020.
— Liverpool FC (@LFC) April 27, 2021
Only Man City, who spent £351m, shelled out more in wages than the Merseysiders in the Premier League.
But the spreadsheet expert predicts that the wage bill will nosedive after a weary season in 2020-21.
He told Football Insider correspondent Adam Williams: “Wages increased in 2020 but I’m unconvinced they’ll go up again in 2021.
“Their wage packages are highly incentivised and they haven’t been hugely successful on the field.
“If the club doesn’t make the Champions League, which is a distinct possibility, it will definitely fall much further.
“That would be a nightmare scenario, really.
“From a financial perspective, there’s absolutely a case for saying 4th versus 5th is more valuable than 1st versus 2nd.”
After sauntering to the title last season, Liverpool face a desperate race to qualify for the Champions League in 2020-21.
The atmosphere at the club is tense after the European Super League debacle exposed a rift between supporters and owners.