Liverpool are now paying more on wages than Manchester United, although they’re still some way behind Manchester City in top spot.
The Reds spent a colossal £325million on salaries during the 2019/20 season – a figure which is believed to be heavily bonus related in a year which saw Jurgen Klopp’s men claim their first top-flight title since 1990.
The figure represents a 4.8% increase on their 2018/19 wage bill of £310million and a remarkable 23.6% rise on the 2017/18 total of £263million.
Those numbers mean Liverpool now have the Premier League’s second-highest wage bill, putting them ahead of arch-rivals United.
Ole Gunnar Solskjaer’s men aren’t lagging too far behind after paying out £284million to players during the 2019/20 campaign.
They’re just ahead of Chelsea, who shelled out £283million on salaries during the same period.
But it’s Manchester City who quite literally top the bill with their colossal wage payments totalling £351million last season – a Premier League record.
All top-flight clubs have been hit hard during the pandemic, but that hasn’t stopped them from breaking the bank where players’ salaries are concerned.
Nevertheless, Liverpool managing director Andy Hughes was bullish about his club’s finances in a recent interview with The Athletic.
“This financial reporting period was up to May 2020, so approaching a year ago now”, Hughes explained.
“It does, however, begin to demonstrate the initial financial impact of the pandemic and the significant reductions in key revenue streams.
“We were in a solid financial position prior to the pandemic and since this reporting period, we have continued to manage our costs effectively and navigate our way through such an unprecedented period.”
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