Anfield shock: Reds in red

"Play Up, Liverpool"

Wednesday, August 4 – 1982
The football world is left in disbelief this morning at the news that Liverpool made a loss last season. That loss in their financial year ending april 30 was made despite winning the European Cup in 1981 and the League and League Cup in 1982.

It is a chilling testimony to the game’s financial afflications which last week nearly claimed Midland giants Wolves. Even on-the-field success is not enough.

Liverpool’s loss was £154,758 after a profit of almost £60,000 in 1980/1.

Their accounts also reveal that the overall annual cost of running the club hit a new peak of £3,023,839 which represent a break-down of £60,000 a week to keep Anfield’s mighty dynamo ticking over.

in the red

Wages and bonuses accounted for £1,556,938 of that massive outlay – only two seasons’ after they first crashed through the £1 million mark. The rest was made up of…

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