Coronavirus will cost Premier League clubs £1 billion

The English Premier League is set to return on June 17 for the first time in over 2 months due to the coronavirus pandemic. The disease costs a £1 billion reduction in revenues to clubs, according to Deloitte’s Football review.

Deloitte Head of Sports Business, Dan Jones says matches played behind closed does will lead to expected revenue reduction and operating losses.

£500 million if that will come from a reduction in broadcasting through rebates to broadcasters while another £500 million will be deferred for the next season.

” The success of each league’s return and the strength of each other’s relationships with broadcasters and commercial vials partners will have a potentially significant and lasting impact on the financial strength of clubs and leagues, “ Dan Jones said.

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According to the report, the top 5 leagues in Europe (England, Spain, Italian, Germany, and France) generated combined revenue of £15 billion in 2018/19 which is up 9%.

The Premier League revenues were £5.2 billion in 2018-18, up 7% with pretax losses of £165 million while aggregate operating profits fall 5% to £824 million.