@MrStephenHowson This is solely revenue, the debt is irrelevant for this metric. The difference is broadcasting revenue, arsenal, city etc have between 100m-150m higher. If united were in CL last season they’d be 3rd or 4th on the list.
@Rizy_LFC Over the last 30 completed seasons (1995–96 through 2024–25), Liverpool’s average final league position is 4th.
So this is a standard season for them.