Sports

How Much Coronavirus Crisis, Empty Stadiums Leaves £800m Hole

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The Mirror
A host of Premier League clubs have faced the entire season without any matchday revenue which has hit their finances hard as they and Championship outfits face losses of over £800m.
Boris Johnson announced the road map out of lockdown on Monday, with fans earmarked to return to grounds on May 17.
That’s just in time for the last round of Premier League matches, and the EFL playoffs.
For at least half the clubs in the top flight then – and as near as makes no difference for the other half – 2020/21 has been an entire season without match day income.
That’s a combined loss of £693.7m for current Premier League clubs, according to their 2018/19 accounts which are the latest available from when fans could attend all matches.
It’s also a £112.8m loss for clubs currently in the Championship
That will result in a combined total of £806.5m lost in gate receipts by clubs in the top two divisions of English football.
Manchester United will be the biggest losers, having previously had the highest matchday income at £110.8m.
They’re followed by Arsenal (£96.2m), Liverpool (£84.2), and Tottenham (£81.7m).
Premier League sides have huge amounts of broadcast income to soften the blow though, unlike Championship sides.
Matchday income makes up large proportions of turnover at some clubs in the second tier of English football.

Robert Tapfumaneyi

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