Short answer: Liverpool paid £427.7m in staff costs in 2024/25, up £41.6m on £386.1m, while turnover grew to £702.7m. Wages therefore fell to 60.9% of revenue from 62.9%. The figure covers all 1,083 average full-time employees, not just the players.

Liverpool’s staff costs were £427.7m in the year ended 31 May 2025, according to the club’s annual report and consolidated financial statements filed at Companies House. Turnover was £702.7m, so staff costs were 60.9% of turnover (our calculation).

Liverpool does not publish what individual players earn. The staff-costs line covers every person the Group employs, directors included: players, managers and coaches, plus administration, commercial and ground staff. This page uses the club’s filed accounts, the club’s results release and Deloitte’s football finance review. It uses no estimates and no press figures.

How much has Liverpool spent on wages since 2020/21?

Liverpool revenue, wage costs and wages as a share of revenue, years ended 31 May, 2020/21 to 2024/25, in £ million (source: Deloitte’s Annual Review of Football Finance)
Year ended 31 May Revenue (£m) Wage costs (£m) Wages as % of revenue (our calculation)
2020/21 487.4 314.4 64.5%
2021/22 594.3 366.1 61.6%
2022/23 593.8 372.9 62.8%
2023/24 613.8 386.1 62.9%
2024/25 702.7 427.7 60.9%

Revenue and wage costs come from Deloitte’s Annual Review of Football Finance 2026 (2023/24 and 2024/25) and its earlier editions (2020/21 to 2022/23). Where an edition restated a year, we use the newer figure. Deloitte’s wage costs cover all employees, including bonuses and termination payments. For 2023/24 and 2024/25 its revenue and wage figures match Liverpool’s own accounts exactly. The percentages are our calculation (wages divided by revenue), not Deloitte’s.

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What do Liverpool’s wage figures show?

Wages rose £41.6m, but revenue rose faster

Staff costs went from £386.1m in 2023/24 to £427.7m in 2024/25, a rise of £41.6m or 10.8% (our calculation). Turnover rose from £613.8m to £702.7m, up £89.0m or 14.5% (our calculation). That is why the wages-to-revenue ratio fell from 62.9% to 60.9%.

The club’s results release of 27 February 2026 says: “Staff costs increased by £42m to £428m”. It adds that “administrative costs continued to increase significantly, which was mainly due to higher staffing costs”. Chief financial officer Jenny Beacham is quoted in the same release: “The club does face significant cost challenges, including rises in administrative, staffing and operational costs”.

The accounts split the 2024/25 total into wages and salaries of £374.8m, social security costs of £48.9m and pension costs of £4.1m. The 2023/24 figure included termination costs. Note 4 says: “During the financial year ended 31 May 2024, the Club incurred termination costs totalling £9.6 million. These costs related to severance payments to former football management personnel and coaching staff as part of contractual obligations following their departures from the Club.”

Staff numbers and cost per employee

Liverpool averaged 1,083 full-time employees in 2024/25, up from 1,011. The accounts break the 2024/25 number down as 772 in administration, commercial and other roles, 238 players, managers and coaches, and 73 ground and maintenance staff. Full-time employees are those working more than 20 hours a week. On match days and non-match days the Group also engaged an average of 2,436 part-time temporary staff (2023/24: 2,109).

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Dividing staff costs by average employees gives about £395,000 per employee in 2024/25, against about £382,000 in 2023/24 (our calculation). This is an average across everyone from players to ground staff. It ignores the temporary staff, and it says nothing about what any one person is paid.

Directors’ pay

Total directors’ remuneration was £4.205m in 2024/25 (£4.201m of remuneration plus £4,000 of pension contributions), up from £3.864m. The highest-paid director received £2.314m, up from £2.164m. The accounts do not name the director. Separately, Note 24 says total compensation of key management personnel across the Group, directors included, was £19.7m (2023/24: £4.8m). The note gives no reason for the rise.

Wages are not the whole squad cost

Amortisation of player registrations was £117.2m in 2024/25 (2023/24: £114.5m), with a further £0.2m of impairment. Wages plus that amortisation come to £544.9m, or 77.5% of turnover (our calculation). Liverpool also booked a £53.3m profit on disposal of player registrations (2023/24: £22.0m) and £12.9m of other operating income, an insurance settlement for historic loss of earnings.

Operating profit was £23.8m, against a loss of £47.7m the year before. Profit before tax was £15.2m, against a loss of £57.1m. Profit for the financial year was £8.3m (2023/24: loss of £43.5m).

No squad cost ratio has been published for Liverpool by the club, the Premier League or UEFA. Liverpool was not named in UEFA’s squad cost rule decisions in July 2025 or June 2026. UEFA’s ratio is a different measure from wages divided by revenue. It covers player and head-coach employee costs, player amortisation and agent fees, set against revenue plus profit on player sales.

How does Liverpool’s wage bill compare with the other big clubs?

Deloitte’s Table 1 for 2024/25 shows Liverpool with the highest wage costs (£427.7m) and the highest revenue (£702.7m) of the six biggest English clubs. The next highest wage bill among them is Manchester City’s at £408.4m. By our calculation from Deloitte’s figures, Liverpool’s wage ratio of 60.9% is below Chelsea’s 73.2% and above Arsenal’s 50.2%. For every Premier League club’s wage bill, see our Premier League wage-bill ranking for 2024/25. Deloitte lists Liverpool as finishing first in the league and reaching the Champions League round of 16 that season.

Part of the revenue behind these ratios is broadcasting income: Liverpool’s media turnover was £263.7m, with commercial at £323.5m and matchday at £115.6m. Our guide to Premier League prize money and TV payments explains how the league distributes its TV money, and our Anfield stadium guide covers the ground behind the matchday line.

For a European comparison, UEFA’s European Club Finance and Investment Landscape 2025 lists Liverpool’s wages at €509m for FY2025 (FY2024: €449m), 60% of revenue. We read these values from a chart in the report. UEFA’s wage definition and currency conversion differ from the club’s accounts, so they do not match exactly and we do not use them in our calculations.

How we built this

We took the staff-costs, turnover, profit, employee and director figures from the Liverpool Football Club and Athletic Grounds Limited annual report and consolidated financial statements for the year ended 31 May 2025, as filed at Companies House on 4 March 2026. The strategic report text gives turnover as £702.8m; the profit and loss account shows £702,722k, which we use. We took wage costs and revenue for earlier years from Deloitte’s Annual Review of Football Finance editions of 2023, 2024, 2025 and 2026.

Our own calculations are the wages-to-revenue ratios, the year-on-year changes, the sum of wages and amortisation, and the cost per employee. They are labelled as ours. We did not use estimates, agent reports, salary websites or media reports. The accounts for the year to 31 May 2026 had not been filed on 28 October 2026; the last accounts were filed on 4 March 2026. All figures were checked on 28 October 2026.

Frequently Asked Questions

What is Liverpool’s wage bill?

Liverpool’s staff costs were £427.7m in the year ended 31 May 2025, up from £386.1m a year earlier, according to the club’s filed accounts. The figure covers all staff and directors, not only players.

What percentage of revenue does Liverpool spend on wages?

Staff costs of £427.7m were 60.9% of turnover of £702.7m in 2024/25 (our calculation from the club’s accounts). The ratio was 62.9% in 2023/24.

How much is Liverpool’s highest-paid director paid?

The accounts for the year ended 31 May 2025 show £2.314m for the highest-paid director, who is not named. Total directors’ remuneration was £4.205m.

Does Liverpool publish players’ salaries?

No. The accounts give aggregate staff costs of £427.7m and the unnamed highest-paid director’s pay, but no individual player salaries.

How many people does Liverpool employ?

The Group employed an average of 1,083 people in 2024/25 (2023/24: 1,011), of whom 238 were players, managers and coaches. It also engaged an average of 2,436 part-time temporary staff on match days and non-match days.

Sources