Reply With QuoteAdmin costs .
Not even David Brent could explain that one.
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YNWA
have announced a pre-tax profit of £7.5m for the 2021-22 season as the Premier League club's overall revenue rose by £107m to £594m.
During the 2021-22 campaign the Reds played in all 63 club games possible as they won the FA Cup and Carabao Cup.
They have recorded a profit for the first time since 2018-19, despite a £69m increase in administrative costs.
However, matchday revenue rose by £83m to £86m, as supporters returned following the coronavirus pandemic
“We have to change, from doubters to believers—now.”
YNWA
Admin costs .
Not even David Brent could explain that one.
First Team
Will agents fees be included in that?
YNWA
The cost of football continued to rise throughout this period with administrative expenses increasing by £69m to £545m, which is due to the increase in salary costs and matchday overhead costs. In the past five years, annual operating costs for Anfield have increased by nearly 40%.
Ok better wording here.
First Team
Financing debt probably falls in here as well
First Team
Exactly, even if it was a low rate they still took out loans (from money provided by FSG) for the stadium upgrades.
Just a stealth way of taking money out of the club.
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