First-class football clubs in Germany achieved the third-highest revenue
The German Football Federation said that matches without fans due to the procedures against the Coronavirus contributed to a 5.7 per cent drop in revenues. In a big surprise, Germany’s top-tier football clubs made the third-highest ever revenue last season, despite the Coronavirus pandemic.
According to the annual report of the German Football League, released on Tuesday, the revenues of 18 clubs in the Bundesliga for the 2019-2020 season totaled 3.8 billion euros ($4.5 billion), compared to 3.95 billion ($4.7 billion) in the previous season.
“The impact of the coronavirus will be more pronounced in the 2020-2021 season. One example is the international transport market. In addition, there is no escaping a further decline in revenue due to the loss of ticket sales.”
The first Bundesliga match was held at an empty stadium, the postponed derby between Borussia Mönchengladbach and Cologne on 11 March 2020.
There have been no matches in attendance this season in the ongoing epidemic, prompting the German Football Association to warn of greater financial damage to the clubs and the league was suspended on 15 March for two months, with matches resumed under strict restrictions with few, if any, fans.
“In the Bundesliga alone, ticket sales fell by 30 percent to 363.5 million euros ($430.7 million), the German Football Federation said in its report. Transfer revenue also fell for the first time in seven seasons, nearly 12 percent less than in the previous season