Wednesday, December 2, 2020
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Premier League clubs facing £1billion revenue loss due to coronavirus crisis, Deloitte predicts

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Financial services company Deloitte have predicted that Premier League clubs will suffer a substantial loss in revenue totalling an eye-watering £1billion due to the impacts of the coronavirus shutdown.

The 2019-20 top-flight season has been suspended since mid-March as a result of Covid-19, though is set to resume on June 17 as Aston Villa face Sheffield United and Manchester City host Arsenal.

Such a lengthy absence has seen clubs across Europe absorb significant financial blows, with Tottenham chairman Daniel Levy recently describing the crisis as the “most serious” hurdle he has faced in his 20 years at the club.

And now Deloitte believe Premier League outfits are facing an accumulative, permanent loss of £500million, both due to the loss of matchday revenue and the required rebates to broadcasters.

Clubs are forecast to earn around half of what they normally would in matchday revenue in the 2020-21 season, with that estimate of £350m set to be lost if supporters cannot return to stadiums at any stage in the season.

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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