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Covid cost the Premier League almost a billion pounds

2021-06-17T14:17:23.338Z


Premier League clubs said they suffered a cumulative pre-tax loss of one billion pounds (just over one billion and 16 million euros) in the 2019/20 season due to the Covid-19 pandemic, according to what reported ... (ANSA)


(ANSA) - LONDON, JUN 15 - Premier League clubs have declared that they suffered a cumulative pre-tax loss of one billion lines (just over one billion and 16 million euros) during the season due to the Covid-19 pandemic 2019/20, as reported by the revision company Deloitte.


    This is - adds the company - the biggest loss ever for the 20 clubs of the Premier League. Private ;; of their fans and therefore of their main commercial income (ticketing, sale of T-shirts, etc.) and forced to reduce the amounts of television rights, the total pre-tax income of the English elite clubs decreased by about 13%.


    "The overall financial impact of the pandemic on the Premier League - said Dan Jones, of Deloitte - will depend on the number of fans returning to the stadiums and on the ability of clubs to maintain and develop business relationships, particularly at a time when many other sectors are suffering. ". For Dan Jones, this "Covid season" "will continue to have a heavy impact on the financial results of the 2020-21 season when they become available."


   The absence of the public, according to the analyst, should "have greater repercussions on the financial results of the financial year 2020/21" which took place almost entirely behind closed doors, or with a very small number of spiteful people on the stages. However, even after the losses, the 20 clubs of the Premier League, the most publicized football league in Europe, still made a total profit of 4.5 billion pounds (about 5.2 billion euros) during the 2019/20 season. (HANDLE).


Source: ansa

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