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Liverpool have announced record losses for Jurgen Klopp’s final season in charge.

Klopp stepped down at the end of the 2023/24 campaign following eight-and-a-half years in charge with accounts for the period ending May 31 uncovering the full cost.

The Reds spent that season outside of the Champions League, which contributed to a £57 million loss figure that also factored in the cost of the German’s departure.

It was revealed on Friday that Klopp and eight members of his backroom staff received a combined £9.6M as they followed him out of the door at Anfield.

However commercial revenues rose to break the £300M barrier for the first time despite media income falling by £38M due to their Champions League absence.

The accounting period saw Liverpool sign four players while extending 11 contracts in the men’s first-team squad alongside seven signings for their WSL counterparts.

Jenny Beacham, Liverpool’s chief financial officer, said: “Operating a financially sustainable club continues to be our priority.

“With the continued increase in costs, it’s essential to grow income streams year on year to maintain financial stability.

“The success of our commercial operations, together with the opening of the new Anfield Road Stand, has increased our revenues during this reporting period, which demonstrates our desire to continue to compete at the highest levels of football in the men’s and women’s games.

“The global appeal of this football club continues to be phenomenal and is the underlying strength and opportunity we have for continued growth.

“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.”