{"id":3100,"date":"2021-01-27T20:48:23","date_gmt":"2021-01-27T20:48:23","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=3100"},"modified":"2021-01-27T16:53:35","modified_gmt":"2021-01-27T16:53:35","slug":"europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states","title":{"rendered":"Europe\u2019s top clubs face two billion euro coronavirus hit, report states"},"content":{"rendered":"

Africa-Press<\/a> – Uganda<\/a>. <\/strong><\/span>The coronavirus pandemic could cost Europe\u2019s 20 highest earning football clubs over two billion euros ($2.4 billion, \u00a31.4 billion), according to forecasts from financial experts Deloitte.<\/p>\n

Deloitte\u2019s latest Football Money League report shows that revenues of the 20 clubs analysed fell by 1.1 million euros in the 2019\/20 season due to closed stadiums and television rebates.<\/p>\n

Some of that revenue will be recouped in the accounts for the 2020\/21 season. The financial year at most clubs ends on June 30, meaning some prize money and broadcast income for domestic leagues and European competitions that completed beyond that date is not included in last season\u2019s figures.<\/p>\n

However, the ongoing effects of the virus will make an even bigger dent on club finances in 20\/21 with stadia largely shut to supporters across the continent for the entire season so far and little sign of restrictions being eased.Even as the games have gone on behind closed doors, broadcasters have been compensated for a disruption to the original schedule and the lack of atmosphere produced by empty stadiums.<\/p>\n

Massive losses<\/b><\/p>\n

Rebates for Europe\u2019s \u2018top five\u2019 leagues in England, Spain, Germany, France and Italy, and UEFA\u2019s Champions League and Europa League competitions already total almost 1.2 billion euros.<\/p>\n

\u201cWe usually release our money league and talk about the growth in revenue but of course football is not immune to the Covid-19 pandemic,\u201d said Tim Bridge of Deloitte\u2019s Sports Business Group.<\/p>\n

\u201cThe revenue that\u2019s been missed out on is driven by the lack of fans in the stadium, the lack of interaction on a matchday – fans spending in the club shop and buying food and drink – and there is an element that relates to revenue that broadcasters have either clawed back or deferred to next year.\u201dSpanish giants Barcelona maintained their position at the top of the revenue table despite their income falling 15 percent to 715 million euros.<\/p>\n

However, the Catalans are still mired in an economic crisis due to spiralling debts of 1.2 billion euros according to accounts released by the club on Monday.Real Madrid remain second, just 200,000 euros behind Barca\u2019s revenue.<\/p>\n

Bayern Munich leapfrogged Manchester United into third due to the latter missing out on Champions League football last season.Top English club<\/p>\n

In fourth, United are still the highest ranking English club among seven Premier League sides — also featuring Liverpool, Manchester City, Chelsea, Tottenham, Arsenal and Everton — in the top 20.<\/p>\n

Zenit St Petersburg are the only club outside the top five leagues among the list.The impact of the pandemic has seen some of the biggest clubs push through competition reform to guarantee bigger revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The coronavirus pandemic could cost Europe\u2019s 20 highest earning football clubs over two billion euros ($2.4 billion, \u00a31.4 billion), according to forecasts from financial experts Deloitte. Deloitte\u2019s latest Football Money League report shows that revenues of the 20 clubs analysed fell by 1.1 million euros in the 2019\/20 season due to closed […]<\/p>\n","protected":false},"author":84,"featured_media":3099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,17],"tags":[233,240,234],"class_list":["post-3100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-sport","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nEurope\u2019s top clubs face two billion euro coronavirus hit, report states - Uganda<\/title>\n<meta name=\"description\" content=\"The coronavirus pandemic could cost Europe\u2019s 20 highest earning football clubs over two billion euros ($2.4 billion, \u00a31. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe\u2019s top clubs face two billion euro coronavirus hit, report states\" \/>\n<meta property=\"og:description\" content=\"The coronavirus pandemic could cost Europe\u2019s 20 highest earning football clubs over two billion euros ($2.4 billion, \u00a31. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-27T20:48:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/01\/img-60119a7546ded.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Europe\u2019s top clubs face two billion euro coronavirus hit, report states\",\"datePublished\":\"2021-01-27T20:48:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states\"},\"wordCount\":449,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/01\/img-60119a7546ded.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"homepage-english\",\"sport\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/europes-top-clubs-face-two-billion-euro-coronavirus-hit-report-states\",\"name\":\"Europe\u2019s top clubs face two billion euro coronavirus hit, report states - 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