European football clubs fail to face Corona with losses of more than 2 billion euros
Due to the repercussions of the Corona pandemic, according to experts at the financial audit firm Deloitte, the top 20 clubs in European football face the risk of losing more than 2 billion euros.
Due to the holding of matches behind closed doors, and the decline in income from television rights. The financial year ends in most clubs on June 30th, which means that the money earned from the broadcast of domestic leagues and European competitions that ended after that date was not included in last season’s figures will be recovered in the calculations of the 2020-2021 season and even with the continued closure of the stadiums, the channels were compensated for the adjustment of the schedule after the suspension of the competitions forced for nearly three months and the absence of the atmosphere produced by the empty stadiums. Europa League competitions worth around €1.2 billion.