Premier League clubs set for £1bn revenue loss this season

6/11/2020 9:40:00 AM

Premier League clubs set for £1bn revenue loss this season

Premier League clubs set for £1bn revenue loss this season

Grim prediction comes after clubs posted record revenues in 2018/19

Premier League bargains: 20 who could move for free this summer He said: “We expect the ongoing Covid-19 pandemic to cause significant revenue reduction and operating losses across European football in the current season’s financial results..What was the situation like when the league was suspended on 13 March Frank Lampard had bristled when January passed without any arrivals at Stamford Bridge, warning that hopes of finishing in the top four were under threat.What was the situation like when the league was suspended on 13 March? Burnley were in buoyant mood going into lockdown, they had just held Tottenham at home to extend their league unbeaten run to seven games, a sequence which contained impressive victories over Manchester United, Leicester and Southampton.

“Clubs are having to weather multiple financial impacts, including rebates or deferrals of commercial and broadcast incomes, as well as the loss of matchday income and other event-related revenue.“Football returning – in a safe and sensible way – is clearly important to limiting the financial impact that the pandemic has had.Deloitte expects clubs’ 2019-20 accounts to show a £1bn drop in revenue with half of that to be lost permanently.” Jones said clubs could expect to receive half – at best – of what they would normally gain from matchday revenue in 2020/21.Yet there were positive signs.“Exactly how that half comes to pass is open to a lot of speculation by a lot of people at the moment, but it’s an estimate of where we think we might get to,” he told the PA news agency.In 2018-19 top-flight revenues exceeded £5bn for the first time, Deloitte said, but Dan Jones, the head of its sports business group, said football’s landscape had been substantially altered, at least in the short term.“That assumes some form of phased opening over time, but hopefully by the end of next season being back to having full stadia again.What about now? Sean Dyche has a fit squad but is concerned some of his fringe players, such as Phil Bardsley, would be out of contract but for the club offering extensions of a month to cope with the interrupted season.

“For 18/19, for the full year, we had £680m of Premier League matchday revenue.The clubs meet on Thursday to finalise plans for the season resumption next week and were boosted on Wednesday when the latest round of Covid-19 testing returned only one positive result from 1,213 tests on players and staff.The 18-year-old made a stunning impact in the victory against Liverpool in the FA Cup and his poise on the ball stood out when Chelsea, showing rare conviction in attack, tightened their grip on fourth place with a 4-0 thrashing of Everton on 8 March.For 20/21 we have assumed £350m.So if you allow for a bit of inflation, you’d be thinking £700m or thereabouts would have been the right number.“Clubs are having to weather multiple financial impacts, including rebates or deferrals of commercial and broadcast incomes, as well as the loss of matchday income and other event-related revenue,” Jones said.So, we have gone for £350m as an estimate.However it remains to be seen if N’Golo Kanté will be available after expressing health fears about coronavirus.” Deloitte found that Europe’s ‘big five’ leagues – England’s Premier League, France’s Ligue 1, the German Bundesliga, Italian Serie A and Spain’s La Liga – generated a record £15bn revenue in 2018/19, a nine percent increase on the previous year.“That assumes some form of phased opening over time but hopefully by the end of next season being back to having full stadia again.Given their unhappy experience with Europa League fixtures two years ago, most fans would happily settle for remaining where they are now.

The EFL – in all divisions – posted record revenues in 2018/19, although Championship clubs’ pursuits of the fortunes on offer in the Premier League saw them record a wage-to-turnover ratio of 107 percent.PA.For 2020-21 we have assumed £350m.What needs to be done to have a successful end to the season? With Werner close to joining for £53m, Hakim Ziyech due to arrive from Ajax and Lampard keen to sign Leicester’s Ben Chilwell, Chelsea cannot afford to miss out on Champions League qualification.

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