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Coronavirus restrictions saw Premier League clubs report a fall in revenue for the first time, according to new figures from finance company Deloitte for the 2019-20 season.
The lack of matchday spectators coupled with a rebate and delay affecting some broadcast income saw revenue fall around 13%, although the 20 top-flight clubs still brought in a combined £4.5 billion.
(PA Graphics)
A cumulative pre-tax loss of almost £1 billion was also the largest in Premier League history and almost five times the previous season’s £200 million figure as the true financial cost of the pandemic becomes clear.
Dan Jones, of Deloitte’s sports business group, said: “The decrease in revenue in the 2019-20 season is, unsurprisingly, down to the global economic and social disruption caused by the Covid-19 pandemic, and will continue to have a heavy impact on the 2020-21 season’s financial results when available.
Premier League clubs suffer losses of nearly £1bn during pandemic
Issued on:
15/06/2021 - 02:14 Net loss: Premier League clubs suffered a drop in revenue in the first pandemic-hit season Catherine Ivill POOL/AFP/File 2 min
London (AFP)
Premier League clubs reported a cumulative pre-tax loss of almost £1 billion ($1.4 billion) for the coronavirus-hit 2019-20 season, according to figures from finance company Deloitte.
Fans were locked out of English top-flight stadiums in the latter stages of the 2019-20 campaign because of the pandemic and only returned on a limited basis towards the end of the 2020-21 season.
The lack of spectators combined with a rebate paid to television broadcasters cut revenue by about 13 per cent.
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Dan Jones of Deloitte s sports business group said: The decrease in revenue in the 2019-20 season is, unsurprisingly, down to the global economic and social disruption caused by the Covid-19 pandemic and will continue to have a heavy impact on the 2020-21 season s financial results when available. The absence of fans, postponement of matches and rebates to broadcasters had a significant impact on the revenue clubs have been able to generate. The full financial impact of the pandemic on the Premier League will depend on the timing of the return of fans to stadia in significant numbers and the ability of clubs to maintain and develop their commercial relationships, in particular at a time when many other industries are suffering.
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