The effect of the Covid-19 pandemic is beginning to impact European football, with overall revenues falling by €3.7 billion during the 2019/20 season, according to accounting firm Deloitte.
As part of the first collective reduction in revenues since 2008/09, the big five European leagues saw an 11% decrease from the previous season, before covid-19 hit.
The Premier League was especially impacted, with revenue falling by 13%, the first drop in the league’s history. Over half of Premier League clubs reported a loss, but the division was still 60% larger than its nearest competitor in terms of revenue.
“It will be a number of years before the full financial impact of the COVID-19 pandemic on European football is known,” Dan Jones, partner and head of the Sports Business Group at Deloitte said.
“But we’re now beginning to see the scale of the financial impact that the pandemic has had on European clubs.
The Bundesliga, which completed its season ahead of the financial year-end, saw the smallest fall, at just 4%. That saw them overtake LaLiga to become Europe’s second highest league for revenue. However, LaLiga is expected to reclaim second spot in the next report.
By FARPost Reporter