Covid-19: a drop in revenues of €1.2bn (-13%) in 2019-20 for 43 European clubs studied (KPMG)

"While recent pre-Covid-19 seasons demonstrated a stable growth path of the football industry's elite, the past season was distressing for most clubs, albeit to various extents. Indeed, financial performance data for all 43 clubs in 10 top division European leagues whose financial results for the 2019-20 season are presently available reveal an aggregate decrease of €1.2bn (-13% year on year) in total operating revenues," states an analysis entitled "Football clubs' revenues and profits hit by coronavirus crisis" published by KPMG, an international network of audit and consultancy firms, on 02/02/2021.

For this study, KPMG has compiled all of the 2019-20 financial results released by Premier League clubs, LaLiga Santander, Bundesliga, Serie A TIM, Ligue 1 Uber Eats, Liga NOS, Süper Lig, Eredivisie, Scottish Premiership, and Tipico Bundesliga clubs before 29/01/2021. "While the average drop in overall income among the clubs surveyed was €28.5m, we can observe major differences in the financial performance of individual clubs, ranging from massive losses to modest revenue growth,…