Liverpool have confirmed a record pre-tax loss of £57m for the 2023/24 season.

The figure reflects a transitional period for the Anfield club, with Jürgen Klopp stepping down at the end of a campaign in which they were knocked out of the Champions League.

Despite the decision to leave, the German and his backroom staff were paid a combined £9.6m to pave the way for Arne Slot as his eventual successor.

The Reds did see an increase in their overall revenue, which rose by £20m to £614m, but announced that media income had fallen by £38m.

“The global appeal of this football club continues to be phenomenal and is the underlying strength and opportunity we have for continued growth," said the club's chief financial officer Jenny Beacham.

"We also take our social responsibilities seriously, using our global appeal to increase our community impact and sustainability efforts, in which we are leading the way across the football industry.

“We will continue to operate in accordance with football’s financial rules and regulations while maintaining investment opportunities in our operations, infrastructure and players.

"Our focus right now is to finish this season as strong as possible, both on and off the pitch, to fulfil our collective ambitions for success.”

Liverpool are currently on course to clinch a 20th Premier League title after opening up a 13-point cushion over Arsenal in the title race with 10 games remaining.