It's been a disappointing year for the Reds both on and off the pitch, that's for sure.
Last season saw Jurgen Klopp's men end their decades-long wait (since 1990) to be crowned champions of England, but this time around, they'll have to give up their crown as Manchester City have opened up an unassailable 10 point lead over cross-town rivals Manchester United and a whopping 23 point gap over the reigning champs. That means that there's obviously no way Liverpool will be able to successfully defend their league title.
Elsewhere, European glory has also evaded them as they unfortunately were knocked out by Real Madrid after losing the first leg 3-1 in Spain, rendering a scoreless second leg at Anfield null and void.
And off the pitch, their fortunes haven't gone so swimmingly, either.
In 2019 the Reds made a pre-tax profit of approximately £42 million ($58.4 million) for the prior year, but ended up with a pre-tax loss of approximately £46 million (about $64 million) for the fiscal year ending on May 31, 2020.
That comes out to a net change of £88 million ($122.34 million) for the English giants.
It's hardly shocking, though, as COVID-19 forced Anfield to close. This impacted key areas like matchday revenue, which fell from £84 million ($116.8 million) to £71 million ($98.7 million) given that the club played four fewer home games during the 2019/2020 season.
Media revenue also was reduced, by £59 million ($82.0 million), from an initial £261 million ($362.90 million) to £202 million ($280.88 million), so while commercial income streams rose to £217 million ($301.73 million), it wasn't enough to offset the overall fiscal damage and subsequently, overall revenue fell by £43 million ($59.79 million) to £490 million ($681.27 million) for FY 2020.
While this is certainly disheartening, Liverpool isn't the only "Big Six" side to have suffered a financial hit as a result of COVID-19.
Current league leaders and prospective title winners Manchester City also posted pretty big losses, with a drop of $78.3 million (£56.8 million) resulting in a total annual revenue of $653 million (£478.4 million), while Manchester United have also been hit hard by the COVID-19 pandemic as well.
