Covid cost the Premier League almost a billion pounds – ANSA

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(ANSA) – LONDON, JUN 15 – Premier League clubs have declared that they have suffered a cumulative pre-tax loss of one billion pounds (just over one billion and 16 million euros) due to the Covid-19 pandemic ) in the 2019/20 season, as reported by the auditing firm Deloitte. This is – adds the club – the biggest loss ever for the 20 clubs in the Premier League. Private ;; of their fans and therefore of their main commercial income (ticketing, sale of T-shirts, etc.) and forced to reduce the amounts of television rights, the total pre-tax income of English elite clubs decreased by about 13% . “The overall financial impact of the pandemic on the Premier League – said Dan Jones of Deloitte – will depend on when fans return to stadiums and on the ability of clubs to maintain and develop commercial relationships, particularly at a time when many other sectors are suffering “. For Dan Jones, this “Covid season” “will continue to have a heavy impact on the financial results of the 2020-21 season when they become available”. The absence of the public, according to the analyst, should “have a greater impact on the financial results of the financial year 2020/21” which took place almost entirely behind closed doors, or with a very small number of spectators in the boxes. However, even after the losses, the 20 clubs in the Premier League, the most publicized football league in Europe, still made an overall profit of 4.5 billion pounds (about 5.2 billion euros) during the season. 2019/20. (HANDLE).

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