Net loss: Premier League clubs suffered a drop in revenue in the first pandemic-hit season.
LONDON – Premier League clubs reported a cumulative pre-tax loss of almost £1 billion ($1.4 billion) for the coronavirus-hit 2019-20 season, according to figures from finance company Deloitte.
Fans were locked out of English top-flight stadiums in the latter stages of the 2019-20 campaign because of the pandemic and only returned on a limited basis towards the end of the 2020-21 season.
The lack of spectators combined with a rebate paid to television broadcasters cut revenue by about 13 per cent.
A cumulative pre-tax loss of almost pound sterling1 billion was also the largest in Premier League history and almost five times the previous season’s £200 million figure.
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