Yesterday saw Liverpool announce their financial accounts for the 2019/20 Premier League season.
Despite the Reds winning the league for the first time in 30 years, the club took a significant financial hit.
This was due to the current climate of the world, but this didn’t stop the clubs wage bill increasing.
In fact, the clubs wage bill has now overtaken rivals Manchester United, with a £62million increase since 2018.
As broken down by The Times’ Chief Sports Reporter Martyn Ziegler, Liverpool now sits second in regards to wages…
It is an incredible jump from the clubs £263million from three seasons ago – a 23.6% increase.
One of the main reasons for this will no doubt be bonuses and wage increases from the club winning the Champions League and Premier League.
However, with the current financial climate of football it is worrying that the clubs wage bill has increased so much.
This summer there are hopes that the club will be active in the transfer market.
Fringe players will need to be sold to raise funds but with the wage bill still increasing, it makes you wonder how it will be done.
Player wages are continuously growing along with the sport, but the past year has seen a real hit for clubs all over the world.
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