Making money is very easy after a season or two, Just be sure to pick up players of a good sale value for free, Check the transfer market for players expiring in 6 month on 30th of December and snap some up, Even if you dont want them, You can loan them out the first season and get their wages paid in full plus 150-500k P/M fees and then sell them off the following season for a nice profit.Same with your youth team or reserves if you have players not playing get them out on loan, Get the wages off your books and try and get a fee per month for them too.
Currently on my Leeds save i have 24 players out on loan, Each one has their wages paid in full and are bringing in fees of 200k-580k per month, Even at 200k each thats almost 5 million a month i'm bringing in while giving my regens valuable game time, I think in total i'm bringing in closer to 8 million a month, My wage bill is under 6 million per month, So yes i have other clubs paying my wage bill all season long, The only time i lose money in a month is when bonuses are activated, Goal bonuses normally, But even then its 500k-1m max i lose and thats maybe 2 months out of the season the rest i'm making 500k-2 million and alot more when the transfer windows are open ofcourse.
I'm playing as Leeds United and the board took out a loan of 250 million to pay for a new 61,000 stadium last season and i still turned over a profit every month despite loan repayments, Took me 3 long very hard seasons to start making money but now i'm in 2019/20 and turning over a very good profit and due to loaning out players they have developed amazingly well and rocketed in value, When a player doesnt develop as i want i sell him for 5 million atleast and 50% of profit from next sale (i always add the 50% clause).
Now ofcourse you wont beable to do that in the first season as you just dont have the quality of youths that will bring in those kind of loan fees but Liverpool do have some decent young players, You could probably get 5-10 out on loan with a 150-200k per month fee and get the wages off your bill.