Manchester United have seen their payrolls rise to less than £ 2.5million from Liverpool despite the club laying bare the impact of COVID-19 on their finances in the past 12 months.

Plc’s fourth quarter results for the year ending June 30, 2021, United recorded a net loss of £ 92.2million, an increase of almost £ 60million from the previous year , because the extent of an entire campaign affected by the pandemic has been demonstrated. , club general manager Ed Woodward described it as the “toughest” season in club history.

Although losses have increased and the club’s business activity in the past 12 months has fallen from £ 279million to £ 232.2million in the past 12 months, a decrease of 16.8 %, Manchester United’s net debt fell from £ 474.1million to £ 419.5million. .

One area that has increased despite the losses is in the wage bill, which rose from £ 36.8million to £ 322.6million in the 12-month reference period, an increase that brings them closer together Liverpool’s £ 2.5million payroll, the second highest in the Premier League behind Manchester City at £ 325million.

The essential news from Liverpool FC

United attribute the 13.6% increase in its payroll to “contractual increases in players’ salaries as a result of their participation in the UEFA Champions League”. Additional registrations of Donny van de Beek and Edinson Cavani have also been taken into account.

Liverpool, like most clubs, including Manchester United, includes all staff in their payroll, including coaches, administrative staff and part-time staff on match days. The costs include salaries and wages, social security charges and pension costs.

Excluding the part-time staff for 2020 of 1,955, Liverpool employed 880 people across the company in the 2019/2020 accounting period, 27 more than the previous year. By comparison, Manchester United employs 992, with 3,593 temporary staff on match days.

While the reporting period saw United occupy third place in the Premier League payroll rankings, Liverpool will likely see their payroll surpass United when the Reds’ financial data for the year ending May 2021 is released. probably in early 2022..

Liverpool’s payroll has grown by £ 118million over the past five years, a combination of wages rising in the game, signing a better level of player and, most importantly, paying bonuses for success.

This is a trend that is likely to continue, with bonuses owed to the squad for the 2020 Premier League triumph, a success achieved after the end of fiscal 2020 due to the postponement of the season beyond the reference period due to the pandemic.

Bonus payments and additional registrations from Thiago Alcantara and Diogo Jota, although some player contracts left the payroll with the departure of Dejan Lovren and Adam Lallana.

Get all the latest Liverpool news, squad news, transfer rumors, injury updates and next step analysis for the Reds.

You’ll also get the latest transfer chats and analytics every day for FREE!

Register here – it only takes a few seconds!

The summer signing of Ibrahima Konate and contract extensions of Virgil van Dijk, Fabinho, Trent Alexander-Arnold, Alisson Becker, Andrew Robertson and Jordan Henderson will all be included in the fiscal year ending May 2022.

For Manchester United, £ 66.6million of the loss they disclosed to shareholders was attributed to a non-monetary tax burden, caused by an increase in the UK corporate tax rate from the rate US tax, which may be reversed in the future. if the corporate tax rate in the United States increases.

United expect salaries from 2021 to 2022 to increase by around 20%, which would bring them to an annual figure of around £ 387.1million, a figure that currently exceeds the totals for Liverpool and Manchester City, with the signing of Cristiano Ronaldo, Jadon Sancho and Raphael Varane, as well as a new Champions League participation, which has increased that.

This means that by the time the 2022 accounts are analyzed, United could once again be in a position to have the largest payroll in English football, a mass that would have increased by around £ 100million in two seasons if the 20% increase was occurring.