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English Premier League clubs were making huge profit returns before the covid-19 crisis

Media reports revealed that English Premier League clubs made record profit revenues of 5.2 billion pounds ($ 6.65 billion) in the 2018-2019 league season, according to statistics which was made available by Deloitte, however, it is expected that the current  income will shrink in the short term due to the Corona virus pandemic.
The Premier League clubs have maintained their position as the richest soccer league in the world, with a 7 percent increase in revenue, driven by the European Union’s distribution of revenue (UEFA).
4 English clubs reached the final of the two continental championships last season, as Liverpool beat Tottenham to clinch the Champions League title, while Chelsea defeated Arsenal in the European League final.
This data report predicts that English Premier League revenue will shortfall  by 1 billion pounds this season, despite plans to resume it on June 17.
It is expected that the English Clubs will lose about 500 million pounds in revenue on the match, as well as commercial contracts and compensation for television broadcasts.
It is expected that the second half of the decline will be in the fiscal year 2020-2021 given that about a quarter of the season will take place after June 30.
“The return of football in safe conditions is very important to reduce the financial impact of this pandemic,” said Dan Jones, partner and head of sports business at Deloitte.
He added: “There are still a lot of things that are not clear, especially regarding the timing of the return and size of the fans to the stadiums and the impact on commercial companies and broadcasting partners.”
European football hit record revenue of 28.9 billion euros ($ 32.99 billion) in the 2018-2019 season, with the top five tournaments in England, Spain, Germany, France and Italy contributing 17 billion euros, up 9 percent from the previous year.

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