Premier League clubs face a £1bn reduction in their revenues in 2019-20 because of the coronavirus pandemic, says financial services firm Deloitte.
The 20 English top-flight clubs had a combined revenue of more than £5bn for the first time in 2018-19.
But this season has been on hold since March, and the 92 remaining matches will be held behind closed doors n the coming weeks.
Deloitte’s Dan Jones expects “significant revenue reduction and operating losses” in European football.
Deloitte says £500m of the reduction for Premier League clubs – in rebates to broadcasters and a loss of matchday revenue – will be “permanently lost”, with the remainder “deferred” until 2020-21 if this season and next are completed.
Manchester United said last month that the pandemic had already cost them £28m – but they expect the final figure to be far higher.
Key findings from Deloitte’s annual review of football finance:
- The Premier League clubs’ revenues rose to £5.2bn in 2018-19 – up 7% on the previous year.
- The ‘big five’ European leagues (England, Spain, Italy, Germany and France) generated a record £15bn in revenue – up 9%.
- Premier League clubs’ aggregate operating profits fell 5% to £824m.
- The 92 Premier League and Football League clubs generated a record £6.2bn in revenue, and contributed £2.3bn in taxes to HMRC (2017-18: £2.1bn).
- Premier League clubs made combined pre-tax losses of £165m.
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