FOOTBALL FINANCE TAKES A HIT!
FINANCIAL LOSS FOR PREMIER LEAGUE
Premier League football clubs are set to lose around £1bn in revenues as a result of Covid-19, having seen their combined revenues break the £5bn barrier last season, according to analysis from Deloitte
The firm says the disruption to the 2019/20 season caused by the pandemic and the halt on fixtures will reduce Premier League clubs’ revenues in the 2019/20 financial year by approximately £1bn.
Of this, almost £500m is permanently lost primarily due to the loss of matchday revenues and rebates on broadcast and commercial contracts from games being delayed and played behind closed doors.
The remainder – over £500m – will be deferred until the 2020/21 financial year, due to the delay of almost a quarter of the season beyond 30 June.
As a consequence, and despite anticipated potential continued disruption into the next season, Deloitte predicts the 2020/21 financial year may see record-breaking levels of revenue.
Premier League clubs’ combined revenues passed £5bn for the first time in the 2018/19 season, a year-on-year increase of 7%. In revenue terms, the Premier League was 73% larger than its nearest competitor, Spain’s La Liga, Deloitte calculates.
The European football market as a whole generated a record €28.9 billion (£25.5bn) for the year covering the 2018/19 season. Clubs in Spain’s La Liga generated combined revenues of €3.4bn in 2018/19, surpassing the Bundesliga (€3.3bn).
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FOOTBALL FINANCE TAKES A HIT!
FINANCIAL LOSS FOR PREMIER LEAGUE Premier League football clubs are
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