Liverpool's Wage Bill Rises Despite Cost-Cutting Measures

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Liverpool's Wage Bill Rises Despite Cost-Cutting Measures
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Liverpool saw an increase in their wage bill despite the departure of several high-profile players. The club's revenue also reached record heights, driven by strong commercial performance.

Liverpool 's wage bill increased by £14 million in the 2023-24 season despite several high-profile departures from the club. The Premier League side's wages rose from £373 million in 2022-23 to £387 million last season. Jordan Henderson, James Milner, Fabinho, Naby Keita, Alex Oxlade-Chamberlain, and Roberto Firmino all completed permanent exits in the summer of 2023, while several other players also left the club on loan.

The Merseyside giants made four new signings in the same window, with Dominik Szoboszlai, Ryan Gravenberch, Alexis Mac Allister, and Wataru Endo joining for over £140 million. Liverpool's overall revenue increased from £594 million to a club-record high of £614 million in 2023-24. They are now ranked eighth in the world for income after Arsenal, whose revenue grew by £150 million to £615 million, leapfrogged them into seventh spot. Liverpool's revenue was boosted by their strong commercial performance across the 2023-24 campaign. The Merseysiders' commercial revenue surged from £273 million in 2022-23 to £310 million last season as they continue to find new income streams. They did, however, suffer a hit from a broadcasting perspective after their revenue dropped from £242 million to £201 million due to their lack of Champions League football. But Liverpool did experience a reasonable increase in their matchday income during Jurgen Klopp’s final season at Anfield, with a £23 million rise from £80 million to £103 million. The German, who is now Head of Global Soccer for Red Bull, secured a third-place finish in the Premier League last season. Arne Slot has enjoyed incredible early success since being appointed as Klopp’s successor last summer, with his side currently sitting top of both the Premier League and Champions League tables

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