Liverpool are expected to soon announce their annual revenues have dropped below the £500million mark but still held up well during the first lockdown, Football Insider understands.
The Champions League holders usually post their financial results by the first week of March although that could be delayed this year by a new Covid ruling granting companies an extra three months to publish accounts.
A Liverpool source has told Football Insider that figures are set to be released that shows average turnover is down about nine per cent and total revenues are set to be below £500m.
Liverpool last annual report for the 2018-19 season showed turnover had rocketed to a club-record £533m.
It will not reach those levels for last season due to the effects of the pandemic as Liverpool won their first league title in 30 years in front of empty stands at Anfield.
Nevertheless, the latest accounts should show revenue comfortably in excess of the 2017-18 campaign when it was £455.1m.
However, profits are not expected to reach anywhere near the level of that season when Liverpool posted a pre-tax profit of £125m, the highest ever registered in the Premier League.
An increased wage bill – it was worth £310m in 2018-19 – has also had an impact on profits as Liverpool rewarded the players key to their dominance of English and European football in recent years.
The club went one place higher to win the Premier League last season but got knocked out of the Champions League at the round-of-16 stage.
That meant a drop in revenues from the moneyspinning European competition.