Liverpool announced a loss in the amount of 19.8 million pounds for the financial year ended on 31 May 2016. The Merseysiders achieved a record turnover of 301.8 million pounds, and the loss was caused by the huge costs for new players.
At the same time last year Liverpool registered a revenue amounting to 60 million pounds, mainly because of the record transfer of Luis Suarez at Barcelona, and the losses in this are the result analyzed by soccer-stats.org of the sacking of Brendan Rodgers, the appointment of Jurgen Klopp and his coaching staff, as well as attracting a whole 12 new players during that period.
Part of them are strikers Roberto Firmino and Danny Ings, the midfielder Marko Grujic and the defenders Nathaniel Klein and Joe Gomez.
Although it did not qualify for the Champions League, Liverpool has had 3.9 million pounds in turnover from the transitional year. A big reason for his rise were the finals in the UEFA Cup and the League Cup in England.