TWIFT | Football | Expected Losses: Premier League Spends Record £ 880 Million

Expected Losses: Premier League Spends Record £ 880 Million

Before closing the transfer window, the English Premier League clubs crossed the symbolic mark on football costs of 1 billion euros, which amounts to 880 million pounds! In comparison with the previous year, these costs have increased by 10 million.

Premier League 20-21
Credits: Getty

Since public events are banned due to the coronavirus pandemic, English fans will most likely not be able to attend matches by the season 20-21. This means a fucking collapse for all the clubs in the top division… Season 20-21 may be the most unprofitable ever. The Premier League finds itself in a real black hole. Of course, most expenses were spent on Manchester City and Manchester United.

If to calculate the approximate loss of clubs, Manchester United is at risk of losing 140 million pounds in the season 20-21, and Arsenal may not receive a quarter of its income. Men, you’d better prepare for the worst!

Experts predict that during the season 20-21, twenty Premier League clubs will earn 880 million pounds if all sports events are held behind closed doors due to the Covid-19 outbreak.

The biggest losses await the English football club Arsenal since its income in the United Arab Emirates accounted for most of the total profit. Also, failure awaits Manchester United in case that Old Trafford might be forced to close down in the season 20-21. Even if the Premier League is held behind closed doors, Arsenal faces the greatest financial losses…

At the moment, all decisions are made by interested parties in closed session through video conferencing. Sadly, there is no way for English fans to influence it.

We know that if the world community doesn’t manage to find a vaccine against coronavirus infection, which can quickly spread to all countries, the season 20-21 of the English Premier League will be held without supporters.

A quarter of the profit that Arsenal received for the season 18-19 was collected from the matches. But fees from fans in the Emirates in May of the season 20-21 could make a football club extremely wealthy in the amount of 122 million pounds.

The highest cost of a game day in the division is at the Manchester United club. According to the 2018-2019 season, one day of the game gave the club a profit of 110.8 million pounds. This is a huge commercial potential. This club accounts for almost 18% of all league revenues.

According to Vysyble research, all the clubs participating in the match could lose £ 878.21 million per day if the event was held behind closed doors. If we count on the fact that we will be able to defeat COVID-19 before December and fans will attend live matches, the loss can be reduced to 416.77 million. And if English fans are allowed to season 20-21, Premier League will avoid a big loss. It will amount to only 126.3 million pounds.

Vysyble made their forecasts according to data from past seasons, having taken into account the current situation in the world, when there are no fans in the stadium, and including the part of the season that remained.

Given the opportunity to increase outcome from matches by 5% for the season 20-21 and adding all the matches in the Emirates, Arsenal still risks losing 122.3 million pounds by May 2021.

Tottenham will also not be in profit if the stadiums are empty until the season 20-21 and all matches are held behind closed doors. Under such conditions, the profit is only 106.5 million pounds.

Also, Liverpool in the days of the matches received about 15% of total revenue. And the top British Premier League champions risk losing £ 105 million if the crisis and quarantine situation are not settled. But, for example, Chelsea and Newcastle receive a quarter of the income per year from matches, while the “blue” team may lose 82 million pounds by the end of next season.

Yeah, not a best-case scenario.

Related Articles   Related Articles    Related Articles   Related Articles    Related Articles   Related Articles    Related Articles   Related Articles