Code 161333
PublishDate: Thursday, June 11, 2020 11:31

Coronavirus lockdown costs Premier League clubs £1 billion in lost revenue

Premier League clubs are set for a combined revenue loss of around £1billion this season because of the disruption caused by COVID-19, according to analysis by accountancy firm Deloitte.   
The Premier League will restart on 17 June after a three-month break enforced by players and staff testing positive for the virus and the wider lockdown.
But, despite the intention to complete all remaining fixtures, club revenue will still be hit hard.
Almost £500m is permanently lost, according to Deloitte's analysis. This is primarily due to the loss of match day revenues and rebates on broadcast and commercial contracts.
The remainder - more than £500m - will be deferred until the 2020/21 financial year, owing to the delay of almost a quarter of the season beyond the 30 June deadline.
Dan Jones, partner and head of the Sports Business Group at Deloitte,said: "We expect the ongoing COVID-19 pandemic to cause significant revenue reduction and operating losses across European football.
"Football returning - in a safe and sensible way - is clearly important to limiting the financial impact that the pandemic has had.

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