Europe

European clubs brace themselves for £4Bn revenue drop

The coronavirus crisis has hit leagues hard around the continent, and the impact will be felt for years

 
3:46pm on Tuesday 8th September 2020
By
Martin Macdonald

European Club Association chairman Andrea Agnelli has predicted that clubs around the continent will lose around £4 billion in revenue over the next two years.

The coronavirus crisis impacted every aspect of life around the globe including sporting events, which were initially postponed and then eventually played but with no spectators.

The German Bundesliga led the way by becoming the first major league to return to action, albeit with no fans, as competition organisers strived to get tournaments finished.

READ MORE:

Memphis confirms Barcelona interest

Zaniolo suffers second serious knee injury in a year

Man Utd look 'desperate' every time they try to buy someone

Lampard embarrassed by Klopp clash at Anfield

However, broadcasting and sponsorship revenue was badly affected, with certain companies being owed back television money.

Agnelli, who is also the chairman of Juventus, outlined the losses in a meeting of the ECA general assembly on Tuesday.

"We have seen very important rebates to the principal broadcasters both at domestic level and at International level,” he said during a video conference.

“We have seen a £330 million rebate in the Premier League, we have seen a downturn in the Bundesliga domestic rights of about 200 million euros and we are in the process of finalising the account with UEFA with a reduction of around 575 million euros for the International club competitions, and that is all money that is not going to be distributed.

“We (European clubs) are looking at a revenue decrease of approximately four billion euros in the next two years.”

As for football at the moment, he said the sport is still in a state of "crisis management" as it embarks on a brand new season in Europe.

Fans will start being gradually let into stadiums as the weeks and months progress, but full house matches at capacity appear to still be some distance away.

Latest news

European Golden Shoe

European Golden Shoe 2021/22: Lewandowski wins again as Mbappe grabs second

The Bayern striker has claimed glory in the award for a second straight year and some big name rivals were also prominent in the European golden boot race.

  • 6 months
European Assists King

European Assists King 2021/22: Mbappe and Muller share award as Messi makes podium

The PSG and Bayern forwards could not be separated in the creative standings as the club season reached its conclusion.

  • 6 months
Premier League

Premier League top scorers 2021/22: Salah and Son share Golden Boot, Ronaldo 3rd

The Liverpool and Tottenham stars have finished level in the final goalscoring standings for England's top flight this season.

  • 6 months
Premier League

Premier League Table: Manchester City beat Liverpool to title

Manchester City claimed the Premier League title on the final day of the season, edging Liverpool into second

  • 6 months
Standings

La Liga Table: Sevilla book Champions League qualification

Sevilla have booked their place in next season's Champions League after drawing 1-1 at Atletico Madrid on Sunday evening.

  • 6 months

How Chelsea and Liverpool could line up in FA Cup final

Chelsea's last chance at silverware comes in Saturday's FA Cup final while Liverpool are bidding for a historic quadruple

  • 6 months