European revenues rise 10% in 2020-21 despite COVID

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LONDON : European soccer revenues grew by 10 per cent in the 2020-21 season despite most an almost total lack of fans in stadiums, according to a report published on Thursday.The season was like no other with the COVID-19 pandemic curtailing virtually all matchday income, but Deloitte's Annual Review of F

LONDON : European soccer revenues grew by 10 per cent in the 2020-21 season despite most an almost total lack of fans in stadiums, according to a report published on Thursday.

Deferred broadcast revenues from the previous season, 48 per cent in the case of Serie A, and the success of the postponed Euro 2020 tournament played across the continent in 2021, were behind the rise in European revenues, the report said. Of the big five leagues, only the Premier League saw an increase in clubs' cumulative operating profits, up from 49 million pounds to 479 million.

 

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