Covid Chaos Pushes Top English Soccer Clubs to Worst Ever Losses
- Premier League clubs make $1.4 billion pretax loss: Deloitte
- English league set to emerge from Covid stronger than rivals
Photographer: Visionhaus/Getty Images
England’s Premier League soccer clubs racked up the biggest collective loss in their history last year, according to figures released Tuesday that lay bare the scale of the damage from the pandemic.
The pretax loss of 1 billion pounds ($1.4 billion) for the 12 months to last March was caused by a 13% slump in revenue after games were halted, ticket sales evaporated and broadcasters sought rebates, the data from Deloitte showed.