Liverpool celebrated after taking the lead against Wolves.
Image credit: Liverpool FC
Liverpool’s 2023/24 wage bill ranked behind only Manchester City in the Premier League and placed fifth across Europe’s top leagues, according to UEFA’s latest financial report.
Despite being perceived as cautious spenders, Liverpool’s owners, Fenway Sports Group (FSG), have shown a willingness to invest in high wages for key players.
The club’s total wage expenditure reached £377.64 million, surpassing Chelsea from last season and marking a 5% increase from the previous year.
Liverpool’s Wage Standing in Europe
The Reds’ wage bill was the fifth highest in Europe, behind:
- Paris Saint-Germain (£553.4m)
- Man City (£465.9m)
- Real Madrid (£424.7m)
- Barcelona (£399.9m)
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Wages make up 63% of Liverpool’s overall revenue, ranking them fifth in Europe in terms of wage-to-revenue ratio.
Upcoming Contract Talks
Liverpool are in crucial contract negotiations with key players, including:
- Mohamed Salah (£350,000 per week)
- Virgil van Dijk
- Trent Alexander-Arnold
With Ibrahima Konate and Conor Bradley also in discussions for improved terms, the club’s wage bill could rise further.
FSG’s model of performance-based pay increases has contributed to this rise, but given Liverpool’s continued success, including leading the Premier League by 13 points and their Champions League advantage over PSG, the investment seems justified.