Liverpool has returned to profit for the first time since the 2018-19 financial period — just as it looks for possible investors.
The Premier League club reported a $128.8 million increase in revenue to $714.9 million for the period ending May 31, 2022, with a before-tax profit of $9 million.
Following the 2018-19 profit of $50.6 million, Liverpool posted losses of $5.8 million and $55.4 million for the 2020-21 and 2019-20 periods, respectively.
Media revenue fell $6 million to nearly $314 million, which was attributed to the longer 2019-20 season.
Commercial revenue increased $34.9 million to $297 million thanks to “strong growth in partnerships and the reopening of non-matchday operations with the global retail stores and stadium tour and museum centre [sic].” Eight new partnerships were struck during the period, and the team renewed its deal with EA Sports.
Meanwhile, matchday revenue jumped $99.8 million due to the return to full capacity.
Earlier this month, Liverpool principal owner John W. Henry clarified that while Fenway Sports Group isn’t selling the club outright, it is talking with investors about a possible minority stake sale.
RedBird Capital Partners, which bought an 11% stake in FSG in 2011 for $640.7 million, has reportedly held talks with FSG on increasing its stake.
