Liverpool had the highest wage bill in the Premier League when winning their 20th league title last season, the club’s latest set of accounts have revealed.
Liverpool’s wage bill increased by £42m to £428m in the year ending 31 May 2025, when a Premier League title triumph in Arne Slot’s debut season as head coach and a return to the Champions League increased revenue to a record £703m. The club’s wages-to-revenue ratio stood at a healthy 61%. It was the biggest wage bill in the division, ahead of Manchester City on £408m.
Commercial revenue increased by £15m to £323m and matchday revenue by £14m to £116m. The figures contributed to an increase of £89m in revenue for the highest-ranked Premier League club in the Deloitte Football Money League. But the rise in wages, which pushed administrative costs up by £57m to £657m, resulted in a relatively modest post-tax profit of £8m. Liverpool had a £57m loss in 2023-24 after failing to qualify for the Champions League.
“We make no secret of our desire to run and operate a financially sustainable club, to grow revenue streams, and to do all we can off the pitch to help bring more success on it,” said Liverpool’s chief financial officer, Jenny Beacham. “The 2024-25 season is a great example of how this can work, with record revenues alongside the men’s team winning our 20th league title.
“The club does face significant cost challenges, including rises in administrative, staffing and operational costs, alongside the need for us to compete at the highest level of the game, across our men and women’s teams.”
Liverpool’s latest set of published accounts do not include last summer’s record spend of almost £450m on new players, including the British record signing of Alexander Isak for £125m from Newcastle. Slot said recently that failure to qualify for the Champions League would be unacceptable for Liverpool this season and the competition “does have an enormous impact on the way this club is run”.
