Liverpool have announced a club-record revenue of £594m for the 2021-22 season, but their profit before tax came in at just £7.5m.

The Reds were on course to complete an unprecedented quadruple until the final few weeks of the season, having already won the EFL Cup back in February.

Jurgen Klopp's side scooped a domestic cup double with their FA Cup triumph, but their dreams of Premier League and Champions League glory ended at the hands of Manchester City and Real Madrid respectively.

Nevertheless, with fans returning to Anfield following the COVID-19 pandemic and Liverpool coming agonisingly close to a haul of four trophies, the Reds' revenue rose by £107m to a record figure.

The end of behind-closed-doors fixtures saw Liverpool's matchday revenue rise to £86m - an £83m increase from the 2020-21 season - and there was also a £29m rise in commercial revenue to £247m thanks to eight new partnerships being struck.

The re-opening of stadium tours, retails shops and museum centre also contributed to the increase in commercial revenue, but media revenue fell by £5m to £261m due to games in the disrupted 2019-20 season being pushed back to after the end of the previous reporting period.

However, an increase of nearly 17% in their wage bill contributed to administrative costs rising by £69m to £545m, with the likes of Jordan Henderson, Harvey Elliott, Andy Robertson, Alisson Becker, Stefan Bajcetic and Diogo Jota all receiving pay rises under new terms.

The signings of Ibrahima Konate, Luis Diaz, Fabio Carvalho, Ben Doak and Bobby Clark also impacted the club's books, leading to a pre-tax profit of just £7.5m.

Reflecting on the Reds' financial results, managing director Andy Hughes told liverpoolfc.com: "Some of the numbers in these latest accounts look slightly skewed as a result of the previous reporting period being impacted by the global pandemic. However, the underlying strength of our financial position remains strong and we continue to operate a sustainable club which is our main objective from a financial perspective.

"It was really great having supporters back at Anfield and returning to some sort of normality after a really challenging period for everyone. For our men's team to play the maximum 63 games in this reported season is an incredible achievement and winning more trophies is exactly what we continue to strive for.

"Our women's team also had success - gaining promotion to the WSL was a great achievement and exactly where we need them to be competing.

"The cost of running a football club does continue to rise. But we maintain our position of growing this club with significant investment with new and existing players signing contracts and the construction of the new Anfield Road Stand which we look forward to coming on stream in the summer. In the last five years we have invested over £250m in infrastructure and created world-class facilities for our players, staff and supporters.

"What's important now is to finish this season as strong as possible, both on and off the pitch, while we continue to manage costs and explore opportunities for growth in our commercial operations so we can continue to reinvest revenues in players and infrastructure."

This season, Liverpool have already seen the defence of their EFL Cup and FA Cup crowns come to an end, and they are on the brink of a last-16 Champions League exit to Real Madrid following a 5-2 loss in last week's first leg.

Klopp's side occupy seventh place in the Premier League table and are next in action at home to Wolverhampton Wanderers on Wednesday evening.