Soccer-LaLiga loss shrinks as ticket revenues recover after pandemic

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MADRID (Reuters) - Spain's professional soccer clubs reduced their losses in 2021-22 by more than six times to 140 million euros ($155 million) as revenues rose some 23%, largely recovering from the impact of the COVID-19 pandemic, LaLiga announced on Thursday.

It said the season's net deficit was the smallest among Europe's five main leagues, which lost a combined 3.1 billion euros according to the available data and its own calculations, with Germany's Bundesliga coming second at 205 million.

COVID restrictions hit ticket sales and player transactions in 2020-21, leading to the Spanish league's first loss since 2012. Revenues reached almost 4.84 billion euros in 2021-22, landing just short of the record of nearly 5.07 billion in 2019-20. However, the amount of money spent on infrastructure jumped to 430 million euros, exceeding pre-pandemic levels.Last month, the club secured a financing deal worth 1.45 billion euros with 20 investors, including Goldman Sachs and JP Morgan, after having renegotiated the initial terms.

 

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