Financial experts revealed that the total losses of the English Premier League clubs clubs reached 600 million pounds (about 760 million dollars) in the last season 2018-2019, which raises speculation of more losses in this season due to the Corona virus pandemic.
And a study of "Football", which is specialized in financial affairs in football, showed that the twenty clubs in the Premier League suffered heavy losses despite achieving record revenues amounting to 5.15 billion pounds (about 6.6 billion dollars).
The financial impact of the Corona virus outbreak will be immense, even if matches resumed this season behind closed doors. Press reports indicate that the clubs will have to return an amount of 330 million pounds (about 419 million dollars) to the transport channels, because the matches were not held on time. It will also incur losses of 126 million pounds (about 160 million dollars) from the stoppage of ticket sales revenue.
"The Covid-19 Virus is not the cause of football's financial hardship, it is only a factor that has helped to accelerate what our data clearly and very correctly identified as a long-term problem," said Roger Bell, director of Visible.
"The 2018-2019 season numbers are a very confusing and disturbing financial result from the Elite League in England, which is an indication of the bigger problems with the general financial model."