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Study: Premier League clubs made UK£600m combined loss in 2018/19

Getty ImagesClubs in English soccer's top-flight Premier League made a combined loss of UK£599. 5 million (US$760 million) in 2018/19, according to a report by business analysts Vysyble. Despite Premier League clubs bringing in record revenues, exceeding UK£5 billion (US$6. 3 billion) in total that season, the report reveals that since 2009 only in two campaigns – 2016/17 and 2017/18 – has the league posted a collective economic profit. Those losses were recorded prior to the coronavirus pandemic, which is set to have a significant financial impact on Premier League clubs even if they are able to complete the 2019/20 season. Gianni Infantino floats salary and spending caps as part of Covid-19 recovery plansClubs will have to manage without matchday revenue, with all games for the foreseeable future taking place behind closed doors and are also facing a rebate bill of UK£35 million (US$44.

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https://www.sportspromedia.com/news/premier-league-finances-loss-2018-19-600-million-coronavirus

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