Liverpool F.C. plays football.
Liverpool Football Club ( [ ˈlɪvərpuːl ] ) is a professional association football club based in Liverpool , Merseyside , England . Under the management of Rafa Benítez and captained by Steven Gerrard Liverpool became European champion for the fifth time , winning the 2005 UEFA Champions League Final against Milan in spite of being 3 -- 0 down at half time . Liverpool was the ninth highest-earning football club in the world for 2014 -- 15 , with an annual revenue of $ 391 million , and the world 's eighth most valuable football club in 2016 , valued at $ 1.55 billion .