European football giants to take 2 billion euro Covid hit: KPMG report
Yahoo - Sports·2021-08-24 21:01
Matchday revenues across the five major European football leagues took a nearly 2 billion euro hit last season ($2.35 billion) after spectators were largely barred from attending matches due to the pandemic, a report by consultancy KPMG said Tuesday.
The projected revenue losses dwarf the 500 million euros that clubs in the leagues suffered in the 2019/20 season, when the virus first affected Europe and led to sport being suspended in March 2020, only resuming months later without spectators.
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