According to the research of Deloitte Sports Business Group, the Premier League will receive a £ 1b blow for coronavirus.
Britain’s top football league will receive an estimated £ 1 billion ($ 1.3 billion) blow from the coronavirus crisis, with vacant stadiums and ongoing security concerns.
According to the annual evaluation released by Deloitte Sports Business Group on Thursday, the Premier League is expected to be suspended since mid-March and that matches have not been watched live for three months will put a huge pressure on revenues in the 2019/2020 financial year.
About 500 million pounds of the losses in question consist of refunds to broadcasters according to Deloitte, ticket discounts due to matches played after closed doors, and reductions in trade contracts. The other £ 500 million will coincide with the next financial year.
The league will restart on June 17 and the matches will be streamed live in the UK by Sky Sports, BT Sport, BBC Sport and Amazon Prime. Fans of the 20 clubs in the league – as in Germany – will not be taken to the stadiums due to health and safety concerns.
The Premier League was by far the richest football league in Europe, with revenue of £ 5.2 billion in 2018/2019. The British football league continues to attract foreign buyers. The league is currently in the process of deciding to sell one of the country’s most supportive clubs, Newcastle United, to a consortium led by the Saudi Arabian Public Investment Fund for £ 300m.