Page 8 - Tim Bridge News Today : Breaking News, Live Updates & Top Stories | Vimarsana

European clubs' head fears pandemic losses of up to $10BN Empty stands are covered with photos of supporters ahead of the English FA Cup 4th round soccer match between Manchester United and Liverpool at Old Trafford in Manchester, England, Sunday, Jan. 24, 2021. (Laurence Griffiths/Pool via AP) |  Photo: AP By ROB HARRIS Created: January 27, 2021 04:59 AM European football teams face losing up to $10 billion due to disruption caused by the coronavirus pandemic, according to the latest forec...

Report shows that revenues of the top 20 clubs analysed fell by 1.1 billion euros in the 2019-20 season.

London (AFP) – The coronavirus pandemic could cost Europe’s 20 highest-earning football clubs over two billion euros ($2.4 billion, £1.4 billion), according to forecasts from financial experts Deloitte. Deloitte’s latest Football Money League report shows that revenues of the top 20 clubs analysed fell by 1.1 million euros in the 2019/20 season due to closed stadiums and television rebates. Some of that revenue will be recouped in the accounts for the 2020/21 season. The financial year at most clubs ends on June 30, meaning some prize money and broadcast income for domestic leagues an...

Europe's top clubs face two billion euro coronavirus hit - report Issued on: 3 min London (AFP) The coronavirus pandemic could cost Europe's 20 highest earning football clubs over two billion euros ($2.4 billion, £1.4 billion), according to forecasts from financial experts Deloitte. Deloitte's latest Football Money League report shows that revenues of the 20 clubs analysed fell by 1.1 million euros in the 2019/20 season due to closed stadiums and television rebates. Some of that revenue will be recouped in the accounts for the 2020/21 season. The financial year at most clubs ends on June 3...