Liverpool won their 20th league title with the Premier League’s highest wage bill.
The club spent £428m on salaries in the year to May 2025.
Bonuses for the title success pushed the total above every rival.
Manchester City followed with a £408m wage bill.
Revenue reached a record £703m after the title win and a Champions League return.
Commercial income rose to £323m and matchday earnings hit £116m.
The wages-to-revenue ratio stood at a stable 61%.
Rising costs limited the final profit to £8m after tax.
Administrative expenses increased sharply during the same period.
The club had recorded a £57m loss the previous season without Champions League income.
Chief financial officer Jenny Beacham stressed the focus on long-term sustainability.
She linked financial growth with success on the pitch.
She also warned about increasing operational and staffing costs.
The accounts exclude last summer’s £450m spending on new players.
That outlay included the £125m signing of Alexander Isak.
Arne Slot has said Champions League qualification remains essential for the club’s model.
Slot continues to manage young players carefully despite public pressure.
Rio Ngumoha impressed after coming off the bench against Nottingham Forest.
The 17-year-old changed the game with direct running and positional flexibility.
The coach praised the winger’s maturity and work ethic.
He wants to protect Ngumoha’s confidence and develop him gradually.
Slot believes the teenager’s ability in one-on-one situations makes him a rare talent.
