Earlier today, Liverpool have announced a debt increase of £21.8 million and 10-month loss of £40.5 million. The reported debt happened in between from August 1, 2011 to May 31, 2012 as the club's finances felt their extended absence from a major competition such as the Champions League. Liverpool have no played in the Champions League since 2010 when they finished 2nd in the Premier League and they even failed to qualify for the Europa League in the 2011/12 campaign.
The club is currently eight in the Premier League, on the same position where they finished last season. Managing director Ian Ayre downplayed fears of financial strife.
"If you think of the period that this concerns - in that year we didn't play in European competition but we had great success in both domestic competitions," Ayre told Liverpool's official website.
"That made up some of the revenue and, in addition, areas like our commercial partnerships continued to grow, despite a global recession.
"It's definitely not something I believe anyone should be worried or concerned about. It is seasonal - our debt goes up and down."
One of Liverpool's main financial problems was caused by the transfer of Andy Carroll in which Liverpool splashed out a £35 million fee.