Man Utd Estimated To Lose £116.4M Due To COVID-19
The 2020/2021 Premier League season will kick off on Saturday, September 12 in what is shaping up to be an exciting season as the league tries to fit in a full season despite a delay due to the COVID-19 pandemic. The pandemic also made many clubs face tough financial decisions as the economic repercussions of the virus began to take hold.
According to data presented by Safebettingsites.com, Manchester United are set to lose the most financially among the 20 premier league teams from the previous season, with an estimated loss of £116.4M.
Manchester United Estimated to Lose the Most in Premier League
The English Premier League is arguably the most followed football league in the world. The league and football as a whole have seen an influx of money come into the sport in the last thirty years and has become a very lucrative industry. However, due to the nature of sporting events being very conducive to the spread of COVID-19, spectator sports in its different forms are significantly affected by the pandemic.
To measure the financial effect of the pandemic on premier league teams, data from TV Revenue, Matchday Revenue, Commercial/Retail Revenue were considered. Manchester United are set to lose out the most from the pandemic with an estimated loss of £116.4M. Norwich, which is at the bottom of the list, is set to lose £19.5M.
Liverpool Set To Lose Out The Most From TV Rights
Liverpool is set to lose as much as £55.2M from TV rights which is the highest out of all Premier League clubs. While Norwich sits at the bottom of this list as well only projected to lose 14.6M. However, a closer study of the numbers indicates that the effect of the loss of income from TV Rights will affect ‘smaller clubs’ more so than the bigger clubs.
Bigger clubs can rely on other revenue streams while TV rights are the main source of revenue for smaller clubs. As an example, Norwich’s income loss from TV rights makes up 75% of their total income loss while Manchester United’s income loss from TV rights only makes up 41% of their total income loss.
