Back to the board
Model updated: 02 Sept 2026
Liverpool
2026/27 spending-room estimate
Quick answer
PSRwatch estimates Liverpool's 2026/27 squad-cost ratio at 76% of football income - below the 85% Green Threshold. That leaves roughly £334m of annual squad-cost room before the 115% Red Threshold. Model updated: 02 Sept 2026 · Accounts data refreshed: 18 Jul 2026. These are independent PSRwatch estimates, not official Premier League calculations.
Use this page to answer: “How much can Liverpool spend?” · “How close are Liverpool to a points deduction?” · “What is Liverpool's squad-cost ratio?”
Room to the Red Threshold
Room to Red Threshold
£334m
Annual squad-cost room before the 115% Red Threshold - the primary line where sporting-sanction (points) risk starts.
Squad-cost ratio
76% of 115%
The 115% Red Threshold is the primary sporting-sanction line. The 85% Green Threshold is the secondary levy / allowance line.
Room to Green Threshold
£80m
Room before the 85% Green Threshold, above which a levy / allowance charge (not a points deduction) applies to overspend.
Estimated squad cost
£641m
Accounts wage bill (all staff), annual transfer-fee costs and other squad-cost items.
What this means for Liverpool
They are below the 85% Green Threshold, so no levy or sporting sanction applies on current estimates.
Confirmed transfers this summer have reduced remaining room by about £28m (+3.4 percentage points).
The old-PSR model is not expected to be the biggest issue in the 2023/24-2025/26 closeout window.
How Liverpool compare
Compare with another club →Room to the Red Threshold
£334m
1st of 20 Premier League clubs
League median £72m
Squad-cost ratio
76%
7th of 20 Premier League clubs
League median 92%
Football income
£848m
1st of 20 Premier League clubs
League median £265m
Ranked on PSRwatch's own 2026/27 estimates, not official league figures.
Why this club is in this position
2026/27 · Premier League Squad Cost Ratio - a PSRwatch model, not an official league finding.
The numbers behind it
| Football income | £848m |
| Squad cost | £641m |
| - of which wages | £480m |
| - of which amortisation | £136m |
| Player trading contribution | £19m |
| Room to Green Threshold (85%) | +£80m |
| Room to Red Threshold (115%) | +£334m |
What creates the pressure
- High wage bill - £480m a year is 75% of squad cost
What improves the position
- A sale would improve headroom - sale profit counts in the model straight away
- Higher football income adds room - every £1m of income covers more squad cost
- Lower wages (departures or expiring deals) reduce squad cost fastest
And under Old PSR (2023/24–2025/26, the older loss-based rule)
- Profitable three-year window - losses are not the issue
- No eligible owner equity found in the filings, so the £15m baseline allowance applies
Full figures (baseline, source-backed and max-funded scenario) are in the Old PSR result section below.
Where to go next
Compare Liverpool with another club
Side-by-side squad-cost room, wages, amortisation and Old PSR result.
Model a transfer for Liverpool
Add a signing or a sale and see the effect on squad-cost room.
Clubs in a similar position
Analysis on Liverpool
- Curtis Jones leaves Liverpool: what the £25.2m sale does to their squad-cost room
- Liverpool accounts explained: what the 2024/25 filing really says
- Víctor Muñoz to Liverpool: what the £33.6m move does to their squad-cost room
- Jérémy Jacquet to Liverpool: what the £53.4m move does to their squad-cost room
See Liverpool's financial forecast - the income statement, projected forward from filed accounts, with every figure traceable to its source.
Season view
ProjectionSquad-cost basisFootball income
£848m
Squad cost
£641m
Squad-cost ratio
76%
Room to Red Threshold
£334m
Below GreenCurrent PSRwatch view using public data.
2026/27 - Premier League squad-cost projection. This is the live view used across the rest of this page.
What does this mean?
Forward-looking squad-cost estimate for 2026/27, built from public filings, reported transfer data, provider wage estimates and PSRwatch assumptions. Subject to transfer, wage, revenue and rule changes. These are unofficial PSRwatch estimates - final regulatory decisions sit with the leagues. MethodologyTransfer effect
This table translates confirmed transfer activity into spending-room impact. A transfer fee is normally spread across the player's contract as an annual transfer-fee cost. Wages, signing fees, agent fees, loans and sales then change the live squad-cost position.
| Player / item | Move | From / To | Fee | Contract | Annual transfer-fee cost | Book profit/loss | Ratio movement |
|---|---|---|---|---|---|---|---|
| Ármin Pécsi | Loan out | TSV Hartberg | £0m | 1 yrs | £0m | £0m | -0.8pp |
| Calvin Ramsay | Loan out | St. Mirren FC | £0m | 1 yrs | £0m | £0m | -0.8pp |
| Curtis Jones | Out | Inter Milan | £25m | Sale/no fee spread | £0m | £16m | -1.0pp |
| Ifeanyi Ndukwe | In | Austria Vienna | £3m | 4 yrs | £1m | £0m | +0.8pp |
| Ifeanyi Ndukwe | Loan out | Levante UD | £0m | 1 yrs | £0m | £0m | -0.8pp |
| Jérémy Jacquet | In | Stade Rennais FC | £53m | 4 yrs | £14m | £0m | +3.0pp |
| Ronald Araujo | Loan in | FC Barcelona | £0m | 1 yrs | £0m | £0m | +0.8pp |
| Víctor Muñoz | In | CA Osasuna | £34m | 4 yrs | £9m | £0m | +2.2pp |
Football income
The squad-cost ratio depends on football income, so PSRwatch starts from the latest filed accounts and then estimates the 2026/27 income base.
Latest actual revenue
£703m
2024/25
Football income
£848m
£797m low / £898m high
Player trading
£19m
Built from filed accounts or reported sale fees only - undisclosed-fee estimates never count as income.
Latest actual revenue
£703m
Matchday forecast
£137m
Broadcasting forecast
£358m
Commercial forecast
£266m
UEFA forecast
£68m
Player trading contribution
£19m
Football income
£848m
Latest filed revenue baseline: 2024/25.
Central forecast starts from the committed club forecast and splits football income using a league-typical modelled mix (about 18% matchday / 47% broadcasting in the Premier League) - the club's own filed mix will be used once its accounts disclose one.
Premier League participation is included in the broadcasting and commercial mix.
UEFA participation adds a separate revenue line and UEFA SCR exposure.
Low/high range is a deterministic +/-6% sensitivity around central football income.
Forecast income already clears the applicable Premier League floors (income >= GBP 175m, broadcasting >= GBP 95m), so no uplift was needed.
Squad-cost breakdown
Squad cost combines the club's accounts wage bill (all staff - a conservative stand-in for the League's player-and-coach definition), annual transfer-fee costs and estimated agent, signing, loan and bonus costs, compared with football income to give the squad-cost ratio estimate.
Squad wage bill (accounts, all staff)
£480m
From the club's filed accounts: total staff costs including non-playing staff, bonuses and employer NI. The League's squad-cost test counts player and head-coach pay, so this numerator errs conservative.
Annual transfer-fee cost
£136m
Agent, signing, loan and bonus costs
£25m
Other squad-related costs
£0m
Squad cost
£641m
Football income
£848m
Squad Cost Ratio
75.6%
85% capacity (levy starts)
£720m
115% capacity (points deduction starts)
£975m
Room before the levy threshold
£80m
Room before a points deduction
£334m
Other rule frameworks
Liverpool are also measured against the older Profitability & Sustainability rules and, where they qualify, UEFA's squad-cost rule. Neither is the live Premier League rule for 2026/27 squad-building.
Old PSR result
£477m roomBaseline allowance2023/24–2025/26
No eligible owner funding is verified for this window, so PSRwatch uses the £15m baseline allowance - never an assumed maximum. Old PSR is the older three-year loss framework; it is no longer the live rule for 2026/27 squad-building. This is a public-data model, not an official league finding.
View detailed calculation
3-year adjusted result
£462m
2023/24, 2024/25, 2025/26
Baseline allowance
£15m
GBP 5m per known PL/EFL season.
Verified eligible funding available
£0m
Total verified equity in the window - can exceed the amount the cap lets the model apply.
Eligible funding applied
£0m
Capped at £90m above the baseline.
Baseline result
£477m
Room on the baseline allowance only.
Source-backed funded result
unavailable
Baseline + verified owner equity. Unavailable without verified funding.
Max-funded scenario
£567m
If fully owner-funded to £105m - a labelled scenario, never the headline without verified funding.
Leagues
PL / PL / PL
League mix drives PL/EFL loss cap.
3-year adjusted result
£462m
Adjusted old PSR loss
£0m
Base loss allowance
£15m
Verified PSR-eligible equity
£0m
Equity cap
£90m
Equity applied to current loss
£0m
Headline allowable loss
£15m
Baseline room
£477m
Source-backed funded room
£477m
Max-funded scenario room
£567m
Old PSR headroom (headline)
£477m
Old PSR headroom as pct of allowance
3181.9%
Owner funding note: Owner funding can affect financial resilience and, under the old PSR framework, support permitted losses. It does not automatically create new squad-cost room under the revenue-linked SCR model. Old PSR allows higher losses only where secure funding/equity is evidenced; owner and shareholder loans are excluded unless validly converted to eligible equity. Before undisclosed/private adjustments.
UEFA rules
UEFA rules are shown separately because clubs in European competition may face a stricter squad-cost threshold than the Premier League.
UEFA status
Risk
70% threshold
UEFA ratio
75.6%
Room (£47m)
UEFA squad cost
£641m
UEFA football income
£848m
UEFA squad-cost ratio
75.6%
70% UEFA capacity
£593m
Room before UEFA limit
(£47m)
Player ledger
Player-level squad-cost model from contract, wage and player-registration cost data.
Per-player wages are gross fixed salaries from public sources, or a labelled estimate where no salary is published. This table is a DECOMPOSITION: the squad-cost estimate above stays anchored to the club's own filed accounts, and the difference is shown below rather than hidden.
Reconciliation to the accounts: players listed here account for £202m of the £480m wage bill, leaving £278m unallocated (bonuses, employer NI, coaching and non-playing staff), and £136m of the £136m player-registration amortisation - £1m MORE than the club's filed charge, because contracts signed since that year end amortise above it. The club totals come from the accounts; this table never replaces them.
| Player | Position | Contract end | Capitalised cost | Wage estimate | Annual transfer-fee cost | Annual squad cost |
|---|---|---|---|---|---|---|
| Giorgi Mamardashvili | Goalkeeper | 2031-06-30 | £26m | £4m | £5m | £9m |
| Alisson | Goalkeeper | 2027-06-30 | £0m | £8m | £1mapportioned | £8m |
| Vitezslav Jaros | Goalkeeper | 2028-06-30 | £0m | £0m | £0mapportioned | £1m |
| Freddie Woodman | Goalkeeper | 2029-06-30 | £0m | £2m | £0mfree/loan | £2m |
| Harvey Davies | Goalkeeper | 2027-06-30 | £0m | £0m | £0mapportioned | £0m |
| Jérémy Jacquet | Centre-Back | 2031-06-30 | £54m | £7m-£14mest | £11m | £21m |
| Giovanni Leoni | Centre-Back | 2031-06-30 | £25m | £3m | £5m | £8m |
| Ronald Araujo | Centre-Back | 2027-06-30 | £0m | £11m | £0mfree/loan | £11m |
| Virgil van Dijk | Centre-Back | 2027-06-30 | £0m | £18m | £1mapportioned | £19m |
| Joe Gomez | Centre-Back | 2027-06-30 | £0m | £4m | £1mapportioned | £5m |
| Milos Kerkez | Left-Back | 2030-06-30 | £40m | £4m | £10m | £14m |
| Konstantinos Tsimikas | Left-Back | 2027-06-30 | £0m | £4m | £0mapportioned | £4m |
| Jeremie Frimpong | Right-Back | 2030-06-30 | £34m | £5m | £8m | £14m |
| Conor Bradley | Right-Back | 2029-06-30 | £0m | £4m | £1mapportioned | £5m |
| Ryan Gravenberch | Defensive Midfield | 2032-06-30 | £0m | £15m | £3mapportioned | £18m |
| Wataru Endo | Defensive Midfield | 2027-06-30 | £0m | £3m | £0mapportioned | £3m |
| Stefan Bajcetic | Defensive Midfield | 2027-06-30 | £0m | £2m | £0mapportioned | £2m |
| Alexis Mac Allister | Central Midfield | 2028-06-30 | £0m | £8m | £3mapportioned | £11m |
| Trey Nyoni | Central Midfield | 2030-06-30 | £0m | £1m | £0mapportioned | £2m |
| Florian Wirtz | Attacking Midfield | 2030-06-30 | £108m | £10m | £26m | £37m |
| Dominik Szoboszlai | Attacking Midfield | 2031-06-30 | £0m | £13m | £4mapportioned | £17m |
| Harvey Elliott | Attacking Midfield | 2027-06-30 | £0m | £3m | £1mapportioned | £4m |
| Cody Gakpo | Left Winger | 2030-06-30 | £0m | £13m | £3mapportioned | £16m |
| Víctor Muñoz | Left Winger | 2032-06-30 | £34m | £6m-£12mest | £6m | £15m |
| Rio Ngumoha | Left Winger | 2028-06-30 | £0m | £1m | £1mapportioned | £3m |
| Federico Chiesa | Right Winger | 2028-06-30 | £11m | £8m | £5m | £13m |
| Alexander Isak | Centre-Forward | 2031-06-30 | £124m | £15m | £24m | £39m |
| Hugo Ekitiké | Centre-Forward | 2031-06-30 | £81m | £10m | £16m | £26m |
| Calvin Ramsay | SEN | 2027-06-30 | £0m | £5m-£10mest | £0m | £7m |
| Ifeanyi Ndukwe | SEN | 2030-06-30 | £3m | £6m | £1m | £6m |
Methodology and sources
Premier League SCR is estimated as squad costs divided by football income. Spending between 85% and 115% of football income attracts a financial levy on the overspend; crossing 115% brings a fixed 6-point deduction plus 1 further point per GBP 6.5m spent beyond the 115% capacity.
Squad costs use the club's accounts wage bill (all staff - conservative vs the League's player-and-coach definition), annual transfer-fee cost, and estimated agent, signing, loan and bonus costs.
Transfer fees are spread across contract life. Sales compare proceeds with remaining book value to estimate book profit or loss.
Revenue forecasts start from the latest filed accounts and committed club forecast, then split 2026/27 football income into matchday, broadcasting, commercial, UEFA and player-trading lines.
Old PSR is retained only as a 2023/24-2025/26 closeout layer. Owner funding can support the old loss allowance when available and capped, but it does not create new SCR revenue capacity.
Each public snapshot is generated from PSRwatch-owned JSON files after validation, with the last good snapshot kept if an upstream refresh fails.
Liverpool latest accounts extract (2024/25) - Accounts values are parsed from Companies House filings where available, then normalised into the committed full dataset.
PSRwatch 2026/27 squad-cost forecast - Forecast uses committed income, wage, annual transfer-fee cost and transfer assumptions with deterministic rule calculations.
How PSRwatch estimates workThe squad-cost rule, explainedHow Companies House filings feed these numbersModel a transfer for Liverpool
Spotted something wrong for Liverpool? Report an issue.
Glossary
Squad Cost Ratio
Squad costs divided by football income.
Football income
Forecast matchday, broadcasting, commercial, UEFA and relevant player-trading income used as the SCR denominator.
Room before limit
Annual squad-cost capacity before the 85% levy threshold is reached.
Levy threshold (85%)
Spending beyond 85% of football income attracts a financial levy (fine) on the overspend, up to the 115% buffer.
Red zone / points threshold (115%)
Crossing 115% of football income brings a fixed 6-point deduction, plus 1 further point per GBP 6.5m spent beyond the 115% capacity.
UEFA rules
Separate squad-cost pressure for clubs in European competition, shown against a 70% threshold.
Old PSR
The old three-year loss-based regime, retained as a closeout layer for 2023/24-2025/26.
Owner equity / secure funding
Funding that can support old PSR loss allowance when available and capped, but does not automatically add SCR capacity.
Annual transfer-fee cost
Capitalised transfer cost spread across the player's contract.
Book value
Unamortised capitalised player cost remaining on the balance sheet.
Book profit/loss
Sale proceeds less remaining book value and sale costs.
Academy sale
Sale of a club-developed player, often carrying low book value and high book profit.
Free transfer
A transfer with no fee, though wages, signing fee and agent fee can still affect squad cost.
Loan fee
Temporary fee or wage contribution linked to a loan move.
Transfer effect
Change in annual squad-cost room caused by transfer activity.
Spendable capacity
Annual squad-cost room converted into a football-language estimate, not a recommendation or exact budget.
What changed
Liverpool's financial model was last published on 2 September 2026. 97 published revisions on record.
No figures changed in the latest rebuild - the published position is unchanged.
Financial forecast
Financial model built from filed accounts, sourced facts and labelled assumptions, with a forward income-statement forecast. Expand any line to see where the number comes from.
Model completeness 100%Forecast confidence lowReadiness Tier BReconciliation fullModel platform-v1.1
Revenue 2028/29F
£781.9m
Staff costs
£482.0m
Player amortisation
£150.1m
Pre-tax result
-£61.4m
Squad-cost ratio
-
2018/19AFiled accounts2019/20AFiled accounts2020/21AFiled accounts2021/22AFiled accounts2022/23AFiled accounts2023/24AFiled accounts2024/25AFiled accounts2025/26EPSRwatch estimate2026/27FPSRwatch forecast2027/28FPSRwatch forecast2028/29FPSRwatch forecast
What moves revenue from 2024/25A to 2028/29F
- Matchday+£17.8m
- Media & competition distributions+£12.8m
- Commercial+£48.5m
Calculated from the model itself - the same numbers as the statement lines below, not separately maintained copy.
Income statement
| Line (£m) | 2018/19A | 2019/20A | 2020/21A | 2021/22A | 2022/23A | 2023/24A | 2024/25A | 2025/26E | 2026/27F | 2027/28F | 2028/29F |
|---|---|---|---|---|---|---|---|---|---|---|---|
Total revenueWhere this number comes from (2028/29F) CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionPremier League central distribution £194m£194.0m AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m Sources: Carlsberg Group (official) · Goal.com · Kop Blog · Companies House (audited statutory accounts) · Liverpool FC (official) · Liverpool FC (official) | £533.0m | £489.9m | £487.4m | £594.3m | £593.8m | £613.8m | £702.7m | £728.6m | £726.5m | £762.2m | £781.9m |
Matchday revenueWhere this number comes from (2028/29F) CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP Sources: Companies House (audited statutory accounts) · Liverpool FC (official) · Liverpool FC (official) | £84.2m | £70.8m | £3.6m | £86.8m | £79.8m | £101.7m | £115.6m | £124.0m | £124.0m | £128.7m | £133.4m |
Media / broadcasting revenueWhere this number comes from (2028/29F) CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionPremier League central distribution £194m£194.0m AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m | £260.8m | £201.6m | £266.1m | £260.8m | £241.6m | £203.7m | £263.7m | £277.6m | £267.5m | £272.5m | £276.5m |
Premier League distributions◦Where this number comes from (2028/29F) CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionPremier League central distribution £194m£194.0m | - | - | - | - | - | - | - | £181.8m | £185.0m | £190.0m | £194.0m |
UEFA distributions◦Where this number comes from (2028/29F) AssumptionUEFA distribution £82m£82.0m | - | - | - | - | - | - | - | £95.3m | £82.0m | £82.0m | £82.0m |
Domestic cup prize money◦Where this number comes from (2028/29F) AssumptionDomestic cup prize money £0.5m£0.5m | - | - | - | - | - | - | - | £0.5m | £0.5m | £0.5m | £0.5m |
Commercial revenueWhere this number comes from (2028/29F) CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m Sources: Carlsberg Group (official) · Goal.com · Kop Blog · Companies House (audited statutory accounts) · Liverpool FC (official) · Liverpool FC (official) | £188.0m | £217.4m | £217.6m | £246.7m | £272.5m | £308.4m | £323.5m | £327.0m | £335.0m | £361.0m | £372.0m |
Other revenueWhere this number comes from (2028/29F) AssumptionOther revenue £0.39m£0.4m Sources: Companies House (audited statutory accounts) | - | - | - | - | - | - | £12.9m | £0.4m | £0.4m | £0.4m | £0.4m |
Total staff costsWhere this number comes from (2028/29F) CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m Sources: Companies House (audited statutory accounts) | £309.9m | £325.6m | £314.4m | £366.1m | £372.9m | £386.1m | £427.7m | £462.0m | £455.0m | £468.0m | £482.0m |
Other operating costsWhere this number comes from (2028/29F) AssumptionOther operating costs £210m£210.0m Sources: Companies House (audited statutory accounts) | £99.6m | £118.5m | £96.0m | £132.0m | £137.4m | £167.0m | £185.6m | £192.0m | £198.0m | £204.0m | £210.0m |
EBITDA◦Where this number comes from (2028/29F) CalculationEBITDA£89.9m = revenue − staff costs − other operating costs CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionPremier League central distribution £194m£194.0m AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m AssumptionOther operating costs £210m£210.0m Sources: Carlsberg Group (official) · Goal.com · Kop Blog · Companies House (audited statutory accounts) · Liverpool FC (official) · Liverpool FC (official) | £123.5m | £45.7m | £77.0m | £96.2m | £83.6m | £60.6m | £102.3m | £74.6m | £73.5m | £90.2m | £89.9m |
Player registration amortisationWhere this number comes from (2028/29F) CalculationPlayer registration amortisation£150.1m = player-level subledger + unattributed cohort run-off (filed-NBV reconciliation) + baseline future squad investment CalculationPlayer registration amortisation (subledger)£105.3m = straight-line amortisation of each registration over its contract (day-count) EventAlexander Isak£21.4m EventFlorian Wirtz£19.9m EventHugo Ekitiké£11.6m EventJérémy Jacquet£11.0m EventMilos Kerkez£8.0m EventJeremie Frimpong£5.8m EventVíctor Muñoz£5.7m EventDominik Szoboszlai£5.3m EventGiorgi Mamardashvili£5.0m EventGiovanni Leoni£4.4m EventCody Gakpo£3.7m EventRyan Gravenberch£2.7m EventAlexis Mac Allister£0.6m EventFederico Chiesa£0.2m CalculationUnattributed registration cohort amortisation (fy2029)£19.8m = per-year unexplained filed additions, 6.7y straight-line (mid-year convention), scaled ×0.761 to tie the anchor NBV to the filed balance exactly - an explicit reconciliation item for agent fees, capitalised add-ons and unmodelled smaller signings; aggregate only, never player-level AssumptionResidual cohort method: 6.7-year assumed life; anchor gap £134.72m = filed £334.03m − subledger £199.31m Calculationfy2023 unattributed cohort (£15.5m over 4.2y remaining)£3.7m Calculationfy2024 unattributed cohort (£29.23m over 5.2y remaining)£5.6m Calculationfy2025 unattributed cohort (£65.15m over 6.2y remaining)£10.5m AssumptionBaseline future squad investment amortisation (£25m; cohorts totalling £220m over 6.6y)£25.0m AssumptionBaseline future squad investment £110m£110.0m | £111.8m | £106.0m | £107.8m | £102.7m | £107.5m | £114.5m | £117.2m | £152.0m | £154.8m | £143.9m | £150.1m |
Player registration impairmentWhere this number comes from (2028/29F) CalculationPlayer registration impairment£0.0m = no impairment assumed: impairments follow specific squad events (a player written down after injury or exclusion) and are not forecastable from public data. Any impairment would reduce the result below this base case | £0.5m | - | £0.5m | £0.2m | £2.1m | £0.6m | £0.2m | £0.0m | £0.0m | £0.0m | £0.0m |
DepreciationWhere this number comes from (2028/29F) AssumptionDepreciation £16.5m£16.5m Sources: Companies House (audited statutory accounts) | £9.4m | £8.7m | £8.9m | £11.4m | £12.1m | £15.2m | £14.5m | £15.0m | £15.5m | £16.0m | £16.5m |
Operating profit/(loss)Where this number comes from (2028/29F) CalculationOperating profit/(loss) excluding player trading-£76.8m = EBITDA − player amortisation − depreciation CalculationEBITDA£89.9m = revenue − staff costs − other operating costs CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionPremier League central distribution £194m£194.0m AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m AssumptionOther operating costs £210m£210.0m CalculationPlayer registration amortisation£150.1m = player-level subledger + unattributed cohort run-off (filed-NBV reconciliation) + baseline future squad investment CalculationPlayer registration amortisation (subledger)£105.3m = straight-line amortisation of each registration over its contract (day-count) EventAlexander Isak£21.4m EventFlorian Wirtz£19.9m EventHugo Ekitiké£11.6m EventJérémy Jacquet£11.0m EventMilos Kerkez£8.0m EventJeremie Frimpong£5.8m EventVíctor Muñoz£5.7m EventDominik Szoboszlai£5.3m EventGiorgi Mamardashvili£5.0m EventGiovanni Leoni£4.4m EventCody Gakpo£3.7m EventRyan Gravenberch£2.7m EventAlexis Mac Allister£0.6m EventFederico Chiesa£0.2m CalculationUnattributed registration cohort amortisation (fy2029)£19.8m = per-year unexplained filed additions, 6.7y straight-line (mid-year convention), scaled ×0.761 to tie the anchor NBV to the filed balance exactly - an explicit reconciliation item for agent fees, capitalised add-ons and unmodelled smaller signings; aggregate only, never player-level AssumptionResidual cohort method: 6.7-year assumed life; anchor gap £134.72m = filed £334.03m − subledger £199.31m Calculationfy2023 unattributed cohort (£15.5m over 4.2y remaining)£3.7m Calculationfy2024 unattributed cohort (£29.23m over 5.2y remaining)£5.6m Calculationfy2025 unattributed cohort (£65.15m over 6.2y remaining)£10.5m AssumptionBaseline future squad investment amortisation (£25m; cohorts totalling £220m over 6.6y)£25.0m AssumptionBaseline future squad investment £110m£110.0m AssumptionDepreciation £16.5m£16.5m | £0.6m | -£70.2m | -£40.4m | -£18.1m | -£38.2m | -£69.7m | -£29.5m | -£92.4m | -£96.8m | -£69.7m | -£76.8m |
Profit on disposal of player registrationsWhere this number comes from (2028/29F) CalculationProfit on disposal of registrations£34.0m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline player-trading profit £34m£34.0m Sources: Companies House (audited statutory accounts) · Companies House (audited statutory accounts) · Companies House (audited statutory accounts) | £45.3m | £26.9m | £39.3m | £28.1m | £33.8m | £22.0m | £53.3m | £130.2m | -£0.2m | £34.0m | £34.0m |
Finance incomeWhere this number comes from (2028/29F) AssumptionFinance income £2.0m£2.0m Sources: Companies House (audited statutory accounts) | £1.1m | £0.7m | £0.6m | £0.9m | £1.6m | £3.2m | £2.9m | £2.0m | £2.0m | £2.0m | £2.0m |
Finance costsWhere this number comes from (2028/29F) CalculationFinance costs£20.6m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £4.0m, closing debt £286.9m£4.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule ContractSyndicated banks (secured revolving credit facility) (bank-loan): opening £69.0m, closing £69.0m, interest £4.0m£69.0m ContractUKSV Holdings Company Limited (parent) (intercompany): opening £217.9m, closing £217.9m, interest £0.0m£217.9m AssumptionOther finance charges £5.0m£5.0m CalculationInterest on £202.97m opening revolver balance at 5.74%£11.7m Sources: Companies House (audited statutory accounts) | £5.0m | £3.7m | £4.3m | £3.5m | £6.2m | £12.6m | £11.4m | £9.0m | £12.3m | £14.4m | £20.6m |
Profit/(loss) before taxWhere this number comes from (2028/29F) CalculationProfit/(loss) before tax-£61.4m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£76.8m = EBITDA − player amortisation − depreciation CalculationEBITDA£89.9m = revenue − staff costs − other operating costs CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionPremier League central distribution £194m£194.0m AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m AssumptionOther operating costs £210m£210.0m CalculationPlayer registration amortisation£150.1m = player-level subledger + unattributed cohort run-off (filed-NBV reconciliation) + baseline future squad investment CalculationPlayer registration amortisation (subledger)£105.3m = straight-line amortisation of each registration over its contract (day-count) EventAlexander Isak£21.4m EventFlorian Wirtz£19.9m EventHugo Ekitiké£11.6m EventJérémy Jacquet£11.0m EventMilos Kerkez£8.0m EventJeremie Frimpong£5.8m EventVíctor Muñoz£5.7m EventDominik Szoboszlai£5.3m EventGiorgi Mamardashvili£5.0m EventGiovanni Leoni£4.4m EventCody Gakpo£3.7m EventRyan Gravenberch£2.7m EventAlexis Mac Allister£0.6m EventFederico Chiesa£0.2m CalculationUnattributed registration cohort amortisation (fy2029)£19.8m = per-year unexplained filed additions, 6.7y straight-line (mid-year convention), scaled ×0.761 to tie the anchor NBV to the filed balance exactly - an explicit reconciliation item for agent fees, capitalised add-ons and unmodelled smaller signings; aggregate only, never player-level AssumptionResidual cohort method: 6.7-year assumed life; anchor gap £134.72m = filed £334.03m − subledger £199.31m Calculationfy2023 unattributed cohort (£15.5m over 4.2y remaining)£3.7m Calculationfy2024 unattributed cohort (£29.23m over 5.2y remaining)£5.6m Calculationfy2025 unattributed cohort (£65.15m over 6.2y remaining)£10.5m AssumptionBaseline future squad investment amortisation (£25m; cohorts totalling £220m over 6.6y)£25.0m AssumptionBaseline future squad investment £110m£110.0m AssumptionDepreciation £16.5m£16.5m CalculationProfit on disposal of registrations£34.0m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline player-trading profit £34m£34.0m AssumptionFinance income £2.0m£2.0m CalculationFinance costs£20.6m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £4.0m, closing debt £286.9m£4.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule ContractSyndicated banks (secured revolving credit facility) (bank-loan): opening £69.0m, closing £69.0m, interest £4.0m£69.0m ContractUKSV Holdings Company Limited (parent) (intercompany): opening £217.9m, closing £217.9m, interest £0.0m£217.9m AssumptionOther finance charges £5.0m£5.0m CalculationInterest on £202.97m opening revolver balance at 5.74%£11.7m | £41.9m | -£46.3m | -£4.8m | £7.5m | -£9.0m | -£57.1m | £15.2m | £30.8m | -£107.3m | -£48.1m | -£61.4m |
Tax charge/(credit)Where this number comes from (2028/29F) CalculationTax charge/(credit)-£13.5m = pre-tax loss £-61.36m × 22% credit-recognition rate, matching the filed pattern of deferred-tax assets recognised on losses CalculationProfit/(loss) before tax-£61.4m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£76.8m = EBITDA − player amortisation − depreciation CalculationEBITDA£89.9m = revenue − staff costs − other operating costs CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m AssumptionOther operating costs £210m£210.0m CalculationPlayer registration amortisation£150.1m = player-level subledger + unattributed cohort run-off (filed-NBV reconciliation) + baseline future squad investment CalculationPlayer registration amortisation (subledger)£105.3m = straight-line amortisation of each registration over its contract (day-count) EventAlexander Isak£21.4m EventFlorian Wirtz£19.9m EventHugo Ekitiké£11.6m EventJérémy Jacquet£11.0m EventMilos Kerkez£8.0m EventJeremie Frimpong£5.8m EventVíctor Muñoz£5.7m EventDominik Szoboszlai£5.3m EventGiorgi Mamardashvili£5.0m EventGiovanni Leoni£4.4m EventCody Gakpo£3.7m EventRyan Gravenberch£2.7m EventAlexis Mac Allister£0.6m EventFederico Chiesa£0.2m CalculationUnattributed registration cohort amortisation (fy2029)£19.8m = per-year unexplained filed additions, 6.7y straight-line (mid-year convention), scaled ×0.761 to tie the anchor NBV to the filed balance exactly - an explicit reconciliation item for agent fees, capitalised add-ons and unmodelled smaller signings; aggregate only, never player-level AssumptionResidual cohort method: 6.7-year assumed life; anchor gap £134.72m = filed £334.03m − subledger £199.31m Calculationfy2023 unattributed cohort (£15.5m over 4.2y remaining)£3.7m Calculationfy2024 unattributed cohort (£29.23m over 5.2y remaining)£5.6m Calculationfy2025 unattributed cohort (£65.15m over 6.2y remaining)£10.5m AssumptionBaseline future squad investment amortisation (£25m; cohorts totalling £220m over 6.6y)£25.0m AssumptionBaseline future squad investment £110m£110.0m AssumptionDepreciation £16.5m£16.5m CalculationProfit on disposal of registrations£34.0m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline player-trading profit £34m£34.0m AssumptionFinance income £2.0m£2.0m CalculationFinance costs£20.6m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £4.0m, closing debt £286.9m£4.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule ContractSyndicated banks (secured revolving credit facility) (bank-loan): opening £69.0m, closing £69.0m, interest £4.0m£69.0m ContractUKSV Holdings Company Limited (parent) (intercompany): opening £217.9m, closing £217.9m, interest £0.0m£217.9m AssumptionOther finance charges £5.0m£5.0m CalculationInterest on £202.97m opening revolver balance at 5.74%£11.7m AssumptionDeferred-tax credit rate on losses 22%22% | £8.5m | -£6.9m | £4.8m | £5.0m | -£2.1m | -£13.6m | £6.9m | £7.7m | -£23.6m | -£10.6m | -£13.5m |
Profit/(loss) for the yearWhere this number comes from (2028/29F) CalculationProfit/(loss) for the year-£47.9m = PBT − tax CalculationProfit/(loss) before tax-£61.4m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£76.8m = EBITDA − player amortisation − depreciation CalculationEBITDA£89.9m = revenue − staff costs − other operating costs CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 FactStadium capacity 2028/29: 61276 seats (official, very-high)61,276 seats AssumptionAttendance utilisation 98.5%98.5% Assumption19 home league matches19 matches Assumption2 domestic cup home matches2 matches Assumption5 European home matches5 matches AssumptionBlended matchday yield £85 per attendee85 GBP CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationPremier League central distribution£194.0m = pl_total 2028/29 resolved directly: 194 AssumptionUEFA distribution £82m£82.0m AssumptionDomestic cup prize money £0.5m£0.5m CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m Contractadidas (kit-manufacturer)£60.0m ContractAXA (training-ground) - value not reliably reported, excluded from sum ContractCarlsberg (other-partner) - value not reliably reported, excluded from sum ContractUPS (other-partner) - value not reliably reported, excluded from sum ContractGoogle Pixel (other-partner) - value not reliably reported, excluded from sum ContractPeloton (other-partner) - value not reliably reported, excluded from sum AssumptionReplacement shirt sponsorship £67m/yr£67.0m AssumptionReplacement sleeve sponsorship £14m/yr£14.0m AssumptionCommercial residual £231m£231.0m CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m AssumptionOther operating costs £210m£210.0m CalculationPlayer registration amortisation£150.1m = player-level subledger + unattributed cohort run-off (filed-NBV reconciliation) + baseline future squad investment CalculationPlayer registration amortisation (subledger)£105.3m = straight-line amortisation of each registration over its contract (day-count) EventAlexander Isak£21.4m EventFlorian Wirtz£19.9m EventHugo Ekitiké£11.6m EventJérémy Jacquet£11.0m EventMilos Kerkez£8.0m EventJeremie Frimpong£5.8m EventVíctor Muñoz£5.7m EventDominik Szoboszlai£5.3m EventGiorgi Mamardashvili£5.0m EventGiovanni Leoni£4.4m EventCody Gakpo£3.7m EventRyan Gravenberch£2.7m EventAlexis Mac Allister£0.6m EventFederico Chiesa£0.2m CalculationUnattributed registration cohort amortisation (fy2029)£19.8m = per-year unexplained filed additions, 6.7y straight-line (mid-year convention), scaled ×0.761 to tie the anchor NBV to the filed balance exactly - an explicit reconciliation item for agent fees, capitalised add-ons and unmodelled smaller signings; aggregate only, never player-level AssumptionResidual cohort method: 6.7-year assumed life; anchor gap £134.72m = filed £334.03m − subledger £199.31m Calculationfy2023 unattributed cohort (£15.5m over 4.2y remaining)£3.7m Calculationfy2024 unattributed cohort (£29.23m over 5.2y remaining)£5.6m Calculationfy2025 unattributed cohort (£65.15m over 6.2y remaining)£10.5m AssumptionBaseline future squad investment amortisation (£25m; cohorts totalling £220m over 6.6y)£25.0m AssumptionBaseline future squad investment £110m£110.0m AssumptionDepreciation £16.5m£16.5m CalculationProfit on disposal of registrations£34.0m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline player-trading profit £34m£34.0m AssumptionFinance income £2.0m£2.0m CalculationFinance costs£20.6m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £4.0m, closing debt £286.9m£4.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule ContractSyndicated banks (secured revolving credit facility) (bank-loan): opening £69.0m, closing £69.0m, interest £4.0m£69.0m ContractUKSV Holdings Company Limited (parent) (intercompany): opening £217.9m, closing £217.9m, interest £0.0m£217.9m AssumptionOther finance charges £5.0m£5.0m CalculationInterest on £202.97m opening revolver balance at 5.74%£11.7m CalculationTax charge/(credit)-£13.5m = pre-tax loss £-61.36m × 22% credit-recognition rate, matching the filed pattern of deferred-tax assets recognised on losses CalculationProfit/(loss) before tax-£61.4m = operating profit + player disposal profit + finance income − finance costs CalculationOperating profit/(loss) excluding player trading-£76.8m = EBITDA − player amortisation − depreciation CalculationEBITDA£89.9m = revenue − staff costs − other operating costs CalculationTotal revenue£781.9m = matchday + media + commercial CalculationMatchday revenue 2028/29£133.4m = (61276 seats × 98.5% utilisation) × (19 league + 2 domestic cup + 5 European home games) × £85 per attendee ÷ 1,000,000 CalculationMedia / broadcasting revenue£276.5m = domestic league central distribution + UEFA distributions + domestic cup prize money CalculationCommercial revenue fy2029: 1 contracted deals + other commercial base + 2 assumed renewal(s) replacing expired agreements (5 active deal(s) with unreported value excluded)£372.0m = Σ guaranteed annual values of 1 active deals (£60.0m) + assumed renewals (£81.0m) + other commercial base £231.0m CalculationTotal staff costs£482.0m AssumptionStaff costs £482m£482.0m AssumptionOther operating costs £210m£210.0m CalculationPlayer registration amortisation£150.1m = player-level subledger + unattributed cohort run-off (filed-NBV reconciliation) + baseline future squad investment CalculationPlayer registration amortisation (subledger)£105.3m = straight-line amortisation of each registration over its contract (day-count) EventAlexander Isak£21.4m EventFlorian Wirtz£19.9m EventHugo Ekitiké£11.6m EventJérémy Jacquet£11.0m EventMilos Kerkez£8.0m EventJeremie Frimpong£5.8m EventVíctor Muñoz£5.7m EventDominik Szoboszlai£5.3m EventGiorgi Mamardashvili£5.0m EventGiovanni Leoni£4.4m EventCody Gakpo£3.7m EventRyan Gravenberch£2.7m EventAlexis Mac Allister£0.6m EventFederico Chiesa£0.2m CalculationUnattributed registration cohort amortisation (fy2029)£19.8m = per-year unexplained filed additions, 6.7y straight-line (mid-year convention), scaled ×0.761 to tie the anchor NBV to the filed balance exactly - an explicit reconciliation item for agent fees, capitalised add-ons and unmodelled smaller signings; aggregate only, never player-level AssumptionResidual cohort method: 6.7-year assumed life; anchor gap £134.72m = filed £334.03m − subledger £199.31m Calculationfy2023 unattributed cohort (£15.5m over 4.2y remaining)£3.7m Calculationfy2024 unattributed cohort (£29.23m over 5.2y remaining)£5.6m Calculationfy2025 unattributed cohort (£65.15m over 6.2y remaining)£10.5m AssumptionBaseline future squad investment amortisation (£25m; cohorts totalling £220m over 6.6y)£25.0m AssumptionBaseline future squad investment £110m£110.0m AssumptionDepreciation £16.5m£16.5m CalculationProfit on disposal of registrations£34.0m = known transactions (subledger) + baseline assumption for windows that have not yet happened CalculationKnown disposals (subledger: fee − NBV per player)£0.0m = guaranteed fee − net book value at disposal, per player AssumptionBaseline player-trading profit £34m£34.0m AssumptionFinance income £2.0m£2.0m CalculationFinance costs£20.6m = interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period) CalculationFinancing fy2029: interest £4.0m, closing debt £286.9m£4.0m = per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule ContractSyndicated banks (secured revolving credit facility) (bank-loan): opening £69.0m, closing £69.0m, interest £4.0m£69.0m ContractUKSV Holdings Company Limited (parent) (intercompany): opening £217.9m, closing £217.9m, interest £0.0m£217.9m AssumptionOther finance charges £5.0m£5.0m CalculationInterest on £202.97m opening revolver balance at 5.74%£11.7m AssumptionDeferred-tax credit rate on losses 22%22% | £33.4m | -£39.5m | -£9.5m | £2.4m | -£6.9m | -£43.5m | £8.3m | £23.1m | -£83.7m | -£37.5m | -£47.9m |
Reconciliation status
Audited periods reconcile against the filed accounts: 81 checks reconciled, none unreconciled. Estimates and forecasts are labelled and carry confidence levels - lines marked ◦ are PSRwatch analytical splits, not audited categories.Source register (202)
Every fact, event and agreement in this model cites at least one of these records. Tier 1 = official (filings, club, league, UEFA); Tier 2 = reliable press; Tier 3 = specialist databases, always labelled and never treated as audited figures.
Liverpool Champions League fixtures and schedule 2025/26101 Great Goals · tier3
Liverpool appoint Spaniard Iraola as new manager in place of SlotAl Jazeera · tier2
Luis Diaz completes transfer to Bayern Munich from LiverpoolAl Jazeera · tier2
2024-2025 Liverpool FC SalariesCapology · tier3
2025-2026 Liverpool FC SalariesCapology · tier3
Florian Wirtz Salary ProfileCapology · tier3
Hugo Ekitike Salary ProfileCapology · tier3
Liverpool FC Salaries 2026-27 (collected snapshot in repo capology-wages.json, provider capology-collected, generatedAt 2026-08-13)Capology (via PSRWatch browser collect) · tier3
Carlsberg and Liverpool Football Club Ink Historic 10-Year DealCarlsberg Group (official) · tier1
Liverpool get over $11 million to allow star's early exitCBS Sports · tier2
Liverpool land GK Giorgi Mamardashvili from Valencia (£25m)CBS Sports · tier2
Salah set to sign for Trabzonspor after leaving Liverpool as free agentCBS Sports · tier2
Deloitte Money League 2025: Liverpool find out financial realityDaveOCKOP · tier3
Deloitte Football Money League 2025Deloitte · tier1
Deloitte Football Money League 2026Deloitte · tier1
How much Hugo Ekitike will earn per week at LiverpoolEmpire of the Kop · tier2
2023-24 UEFA Europa League (lists Liverpool as 5th-placed team from 2022-23 Premier League)Wikipedia · tier3
2025-26 Premier League (final table)Wikipedia · tier3
2025-26 UEFA Champions League league phase (Liverpool 3rd, 18 pts, home v Real Madrid, Atletico Madrid, PSV, Qarabag)Wikipedia · tier3
2025 FIFA Club World Cup qualificationWikipedia · tier3
Liverpool 0-2 PSG (Apr 14, 2026) Final ScoreESPN · tier2
PSG 2-0 Liverpool (Apr 8, 2026) Final ScoreESPN · tier2
Tyler Morton joins Lyon for £15 millionESPN · tier2
Liverpool FC Reports Record £308m Commercial Revenue But Posts £57m Loss In Latest Financial Resultsfcbusiness · tier2
Al-Hilal agree £46m deal for Liverpool's NunezBBC Sport · tier2
Anfield gigs 'boosted Liverpool economy by £31m'BBC News · tier2
Liverpool agree £116m deal for WirtzBBC Sport · tier2
Liverpool freeze ticket prices for 2025-26 seasonBBC Sport · tier2
Liverpool set to break British record with £125m for IsakBBC Sport · tier2
Liverpool sign Frimpong from Leverkusen for £29.5mBBC Sport · tier2
Liverpool sign striker Ekitike for initial £69mBBC Sport · tier2
Liverpool ticket prices: Increase goes ahead despite fan protestsBBC Sport · tier2
Lyon sign Liverpool midfielder Morton for £15mBBC Sport · tier2
FIFA Club World Cup 2025: How teams qualifyFIFA · tier1
Liverpool post record revenue from Premier League league-winning 2024-25 campaignFlashscore/Reuters wire · tier2
Champions League prize money table calculated as riches revealed for Arsenal, Chelsea and LiverpoolFootball365 · tier2
Premier League 2025/26 prize money table predictedFootball365 · tier2
Deloitte's 2026 Money League: Growth at the top, pressure belowFootball Business Inside · tier3
Anfield Road expansion: Latest updates on Liverpool stadium redevelopment (cost around £80m)Football Ground Guide · tier3
Liverpool Extend Standard Chartered Main Shirt Deal Until 2027Footy Headlines · tier3
No More Standard Chartered? Liverpool to Get New Main Sponsor From 2027-28 SeasonFooty Headlines · tier3
Lyon signs midfielder Tyler Morton from Liverpool in $17M deal (€10m + €5m bonuses)Fox Sports/AP · tier2
All Completed Liverpool Transfers in 2026/27GiveMeSport · tier3
How Much Prize Money Every Premier League Club Earned For Their Final 25-26 PositionGiveMeSport · tier2
Harvey Elliott could return to Liverpool due to contract clause in Aston Villa loan dealGoal.com · tier3
Liverpool in line to make 'more than £60m a season' with new adidas kit deal worth twice as much as Nike contractGoal.com · tier3
Revealed: Mohamed Salah's staggering new salary after penning two-year contract extensionGoal · tier2
Liverpool FC: 2024/25 Financial Results (five concerts in 2024/25 vs none in 2023/24)Greg Cordell (Substack) · tier3
FA Cup prize money boosted by £2.4m weighted towards opening roundsInside World Football · tier2
Virgil van Dijk signs new two-year Liverpool contract worth up to £400,000 a weekIrish Times · tier2
Which Brands Sponsor Liverpool and For How Much?Kop Blog · tier3
Premier League 2025/26 Prize Money Rankings: Every Club's Final Payout RevealedLente Desportiva · tier3
The Liverpool Football Club and Athletic Grounds Limited - annual report and financial statements, year ended 31 May 2020Companies House (audited statutory accounts) · tier1
The Liverpool Football Club and Athletic Grounds Limited - annual report and financial statements, year ended 31 May 2021Companies House (audited statutory accounts) · tier1
The Liverpool Football Club and Athletic Grounds Limited - annual report and financial statements, year ended 31 May 2022Companies House (audited statutory accounts) · tier1
The Liverpool Football Club and Athletic Grounds Limited - annual report and financial statements, year ended 31 May 2023Companies House (audited statutory accounts) · tier1
The Liverpool Football Club and Athletic Grounds Limited - annual report and financial statements, year ended 31 May 2024Companies House (audited statutory accounts) · tier1
The Liverpool Football Club and Athletic Grounds Limited - annual report and financial statements, year ended 31 May 2025Companies House (audited statutory accounts) · tier1
Transfermarkt - Liverpool FC transfers and squad data (repo provider snapshots)Transfermarkt · tier3
Arne Slot salary 'revealed' as Liverpool bossLiverpool.com · tier2
Hugo Ekitike salary and contract length at LiverpoolLiverpool.com · tier2
Liverpool Europa League prize money revealed as Champions League reality laid bareLiverpool.com (Reach plc), citing Football Benchmark · tier2
Anfield Access Statement (ground capacity 61,276)Liverpool FC (official) · tier1
Anfield concerts boost local economy by more than £31 millionLiverpool FC (official) · tier1
Anfield Road Stand expansion confirmedLiverpool FC (official) · tier1
Clinical Liverpool put six past Sparta and reach Europa League quartersLiverpool FC · tier1
Darwin Nunez completes permanent transfer to Al-HilalLiverpool FC · tier1
LFC announces financial results for Premier League title-winning seasonLiverpool FC (official) · tier1
LFC announces financial results for the 2023-24 seasonLiverpool FC (official) · tier1
LFC confirms ticket pricing approach for next three seasonsLiverpool FC (official) · tier1
Liverpool agree £116m deal for WirtzLiverpool FC · tier1
Liverpool agree deal to sign Giorgi MamardashviliLiverpool FC · tier1
Liverpool agree deal to sign Spain forward Victor MunozLiverpool FC · tier1
Liverpool beaten by Plymouth Argyle in FA Cup fourth roundLiverpool FC · tier1
Liverpool complete signing of Jeremy JacquetLiverpool FC · tier1
Liverpool complete signing of Milos Kerkez from BournemouthLiverpool FC · tier1
Liverpool eliminated from Champions League after loss to PSG at AnfieldLiverpool FC (official) · tier1
Liverpool FC and AXA celebrate continued growth of successful partnership until 2029Liverpool FC (official) · tier1
Liverpool FC and Google Pixel partner to bring fans closer to the gameLiverpool FC (official) · tier1
Liverpool FC and UPS deliver exciting new partnership announcementLiverpool FC (official) · tier1
Liverpool FC appoint Andoni Iraola as new head coachLiverpool FC (official) · tier1
Liverpool FC matchday ticketing data from the 2024-25 seasonLiverpool FC (official) · tier1
Liverpool knocked out of Champions League by PSG on penaltiesLiverpool FC · tier1
Liverpool's Europa League fixture schedule confirmedLiverpool FC · tier1
Liverpool to host Crystal Palace in Carabao Cup fourth roundLiverpool FC · tier1
Mohamed Salah signs new contract with Liverpool FCLiverpool FC (official, existence/term only) · tier1
New Anfield capacity confirmed ahead of 2024-25Liverpool FC (official) · tier1
Official: Liverpool are the 2024-25 Premier League championsLiverpool FC · tier1
Revealed: Liverpool's Europa League group-stage opponentsLiverpool FC · tier1
Ticketing update for 2024-25 Premier League seasonLiverpool FC (official) · tier1
Virgil van Dijk signs new Liverpool FC contractLiverpool FC (official, existence/term only) · tier1
'A lot more than £60m per year' - Liverpool adidas deal a stroke of genius after astonishing shirt salesLiverpoolWorld · tier3
Liverpool's prize money for the 2023-24 Europa League revealedLiverpoolWorld · tier2
Doak joins Bournemouth for 25m as Liverpool exodus grows (AFP)AFP via Malay Mail · tier2
Liverpool FC partners with Peloton in community-focussed firstMalay Mail (media release) · tier3
Premier League 2025-26 final table - standings, European qualifiers, relegated teamsNBC Sports · tier2
adidas and Liverpool Football Club announce multi-year partnershipadidas (official press release) · tier1
Liverpool surpass significant milestone as 2025/26 Champions League earnings revealedEmpire of the Kop via OneFootball (citing Football365 calculations) · tier3
Osasuna transfers winger Victor Munoz to Liverpool FCCA Osasuna · tier1
Comparing Florian Wirtz's wages with Salah, Van Dijk & more (citing Sky Sports)Planet Football / Sky Sports · tier2
UEFA Prize Money 2024-25: How much each Premier League club has madePlanet Football · tier2
Premier League central payments to clubs 2022/23Premier League · tier1
Premier League central payments to clubs 2023/24Premier League · tier1
Premier League central payments to clubs 2024/25Premier League · tier1
Premier League completes sales process for UK live rights & free-to-air highlightsPremier League · tier1
What we learned as Liverpool exit Champions League against PSGPremier League · tier1
PSRWatch squad-ledger.json (season 2026/27, generatedAt 2026-08-13), clubs['eng-liverpool']PSRWatch internal model · tier3
PL 2022/23 Payments to Clubs table image (per-club figures)Premier League · tier1
PL 2023/24 Payments to Clubs table image (per-club figures)Premier League · tier1
PL Season 2024/25 Payments to Clubs table image (per-club figures)Premier League · tier1
Why Liverpool's wage bill increased by £42m in 2024/25 accounts explainedRousing The Kop · tier2
Overview of the 2026/2027 Premier League sponsorsScore and Change · tier3
2025-26 Carabao Cup Quarterfinal Draw (Crystal Palace drawn away at Arsenal, confirming Liverpool exit)Sports Illustrated · tier2
FIFA Club World Cup 2025 Teams: Full List of Qualified ClubsSports Illustrated · tier2
Reports: Liverpool Agree Premier League Record Deal for Alexander IsakSports Illustrated · tier2
What do teams get for winning the Carabao Cup?Sports Illustrated · tier2
EFL Cup Prize Money 2026: Carabao Cup per round & winnerSillySeason · tier3
Brentford complete £18m deal for Caoimhin KelleherSky Sports · tier2
Defender completes move from Liverpool to Bayer LeverkusenSky Sports · tier2
Ekitike completes £79m transfer to Premier League championsSky Sports · tier2
Giovanni Leoni joins Liverpool: Parma defender signs for £26m feeSky Sports · tier2
Jeremy Jacquet officially completes £60m move to Anfield from RennesSky Sports · tier2
Liverpool 4-0 Galatasaray (Agg: 4-1): Reds turn Champions League tie around to set up PSG quarter-finalSky Sports · tier2
Liverpool 6-1 Sparta Prague (agg 11-2)Sky Sports · tier2
Liverpool agree £65.5m deal to sell winger to Bayern MunichSky Sports · tier2
Liverpool appoint former Bournemouth boss as Arne Slot's successor on two-year dealSky Sports · tier2
Liverpool complete £40m deal for Bournemouth left-backSky Sports · tier2
Liverpool confirm deal to sign defender from Bayer LeverkusenSky Sports · tier2
Liverpool move forward with Anfield Road Stand expansion to take capacity over 61,000Sky Sports · tier2
Liverpool sell striker to Al Hilal in deal worth up to £56.6mSky Sports · tier2
Liverpool sign Bayer Leverkusen playmaker for fee of £116mSky Sports · tier2
Liverpool sign goalkeeper from Valencia but he will arrive next summerSky Sports · tier2
Salah joins Trabzonspor on free transfer after leaving AnfieldSky Sports · tier2
Van Dijk signs new contract to remain at Anfield until summer of 2027Sky Sports · tier2
Liverpool agree multi-million pound deal, it's great news for the RedsSportBible · tier3
Expedia renews sleeve deal with LiverpoolSportcal (GlobalData Sport) · tier2
Liverpool and AXA renew global training partnership until 2029Sportcal (GlobalData Sport) · tier2
Liverpool and Carlsberg extend partnership into fourth decadeSportcal (GlobalData Sport) · tier2
Understanding the value of Liverpool FC's return to adidasSportcal (GlobalData Sport) · tier2
Liverpool agree new four-year deal with shirt sponsor Standard CharteredSports Mole · tier2
Liverpool January transfers and net spend: every confirmed signing and sale, winter 2026Sports Mole · tier3
Report: Liverpool only guaranteed UK£30m per year from Nike kit dealSportsPro · tier2
Champions League revenue 2024/25 after the league phaseSwiss Ramble · tier2
European Wages 2021/22 (methodology caveat on all-staff wage bills)The Swiss Ramble · tier2
Liverpool Finances 2024/25Swiss Ramble (analysis of Liverpool FC's statutory accounts) · tier2
Emirates FA Cup quarter-finals: Erling Haaland's hat-trick leads Manchester City past LiverpoolThe FA · tier1
Plymouth Argyle stun Liverpool in Emirates FA CupThe FA · tier1
Alexander Isak wages - Liverpool contract puts him among top earnersThis Is Anfield (citing Guardian/Times) · tier2
Andy Robertson confirmed to join Tottenham on free transferThis Is Anfield · tier3
Araujo wages revealed with Liverpool to pay full Barcelona salaryThis Is Anfield · tier2
Arne Slot: Liverpool prepared to 'top up salary' in taking Netherlands jobThis Is Anfield · tier2
Ben Doak transfer confirmed - Liverpool include buy-back clauseThis Is Anfield · tier3
Giovanni Leoni transfer confirmed - Liverpool sign centre-back for £26mThis Is Anfield · tier3
Ibrahima Konate officially completes Real Madrid free transferThis Is Anfield · tier3
Liverpool confirm new sponsorship deal as part of £35m agreementsThis Is Anfield · tier3
Liverpool FC finances: Record £703m revenue after title win and Champions League returnThis Is Anfield · tier3
Liverpool FC Tickets: Price Increase Confirmed For Next 3 SeasonsThis Is Anfield · tier3
Liverpool in new shirt sponsor talks: Standard Chartered deal up in 2027This Is Anfield · tier3
Liverpool's January Transfers: 2 Signings, 2 for Summer & 3 LoansThis Is Anfield · tier3
Mo Salah Liverpool Exit: Why He is Leaving on Free TransferThis Is Anfield · tier2
Slot contract: Current Liverpool deal expiry, salary and sack verdictThis Is Anfield · tier2
Victor Munoz transfer confirmed: Liverpool sign £34.5m wingerThis Is Anfield · tier3
Premier League attendance figures 2022/23Transfermarkt · tier3
Liverpool 4-0 Galatasaray, UCL 2025/26 Round of 16UEFA (official) · tier1
Anfield Road expansion drives Liverpool past £100m in matchday revenueWarren Menezes (Substack, citing The Liverpool Football Club and Athletic Grounds Limited accounts) · tier3
Biggest PL revenue club (Liverpool) generated £703m in 2025Kieran Maguire (X) · tier2
Premier League finances now complete for 24/25Kieran Maguire (X) · tier2
Quansah to Leverkusen: £30m initial plus £5m add-ons, buy-back clause, contract to 2030Fabrizio Romano (X) · tier2
PSRwatch is independent. Figures are unofficial estimates from public filings, transfer data and PSRwatch modelling. They are not endorsed by the Premier League, EFL, UEFA or any club.