Liverpool have revealed huge financial losses for the year up to May 2020, as their Fenway Sports Group (FSG) ownership released an update.

The American owned club won the Champions League and then the Premier League title in back-to-back seasons in 2018-19 and 2019-20, but off the pitch finances were hit hard even before the coronavirus pandemic arrived.

Overall, revenue was down by $64 million but that only accounts for the first few months of the pandemic when no fans were allowed in stadiums. Broadcast and matchday revenue fell but commercial revenue increased.