FSG twist emerges after £127m development at Liverpool – Exclusive
FSG continue to divide opinion among the Liverpool faithful but there is no denying that they have steadied the club’s finances.
The Fenway Sports Group’s reluctance to pump extra cash into Liverpool is often a cause of frustration for fans, with their self-sustenance model often leading to a lack of activity in transfer windows.
However, the owners have shown that they are prepared to raise money for the Anfield outfit when needed, as evidenced by the borrowings in their latest financial accounts.
Liverpool released their accounts for the 2023-24 season on 28 February and revealed that they borrowed £127million during that period.
Liverpool accounts published 🔑figs
— Kieran Maguire (@KieranMaguire) March 4, 2025
Revenue £614m ⬆️3%
Matchday £102m ⬆️27%
Broadcast £204m ⬇️16%
Commercial £308m ⬆️13%
Wages £386m ⬆️4%
Amortisation £114m ⬆️6%
Underlying loss £74m ⬆️79%
Player sale profits £22m ⬇️35%
Pre tax loss £62m ⬇️326%
Player purchases £95m ⬇️29%
Player… pic.twitter.com/GWNjHw8QSQ
FSG reason for hefty borrowing revealed
This is the second-highest amount of money Liverpool have borrowed in the last 14 years, with 2020’s loan of £147m the only exception.
While some may be concerned by the size of the borrowing, Dan Plumley has explained that a lot of the money went into the Anfield Road Stand expansion, which was completed during the 2023-24 season.
The football finance expert also pointed out that the money was provided by FSG without any interest, meaning it would not be an added burden on the club.
“One really obvious reason, and again it’s in the notes to the accounts if people want to do a little bit of digging, but the £127m is basically an inter-company creditor loan with FSG Football Group, of course, who own the club”, Plumley exclusively told Liverpool News.
“It’s an inter-company loan, it’s been provided to fund the stadium expansion work and it’s interest-free, so that is the number and it’s solely that.
Liverpool compliant with PSR
“They did expansion work that’s driving that number, so it’s a positive as well, of course, that it’s interest-free and it’s within the inter-company loan within the creditor group that ultimately owns the club.
“That’s the single reason for that uplift and it’s purely due to the stadium expansion work.“
Liverpool’s accounts for the year ending 31 May 2024 were not too positive as they posted a pre-tax loss of £57m, while borrowing £127m.
However, the Reds’ finances are significantly health in the grand scheme of things, with the club under no risk of breaching profit and sustainability rules.
This means Arne Slot is likely to be able to spend a hefty sum of money on new signings this summer, especially if Virgil van Dijk, Trent Alexander-Arnold and Mohamed Salah were to leave.