Premier League Accounts Show Impact Of Virus
Zeeshan Mehtab Published April 22, 2021 | 11:22 PM
The Premier League's annual turnover dropped by nine per cent in the financial fallout from the coronavirus pandemic, accounts for 2019/20 showed on Thursday
London, (APP - UrduPoint / Pakistan Point News - 22nd Apr, 2021 ) :The Premier League's annual turnover dropped by nine per cent in the financial fallout from the coronavirus pandemic, accounts for 2019/20 showed on Thursday.
The figures, which cover the period up until the end of July 2020, give a glimpse of the economic damage suffered by football as a result of the Covid-19 lockdown.
Total turnover for the Premier League was 2.9 billion ($4 billion), down from the 2019 figure of 3.3 billion.
International broadcasting revenue brought in 1.35 billion, a decrease from the 2019 figure of 1.4 billion.
The Premier League's strategic report noted underlying turnover had fallen by nine percent, which was "largely due to the rebates payable to broadcasters following a suspension of play during the season" because of the pandemic.
Football was paused between March and June 2020 before the Premier League season was completed with no fans in the stadiums.
During December 2020, the Premier League confirmed a 50 million Covid-19 financial support package for English Football League clubs.
The accounts revealed payments of government grants of 3.3 million but the Premier League stated it "did not place any employees on furlough" and also did not take any other "opt-in government support" offered in response to the pandemic.
Related Topics
Recent Stories
Farmers should preferably complete cotton sowing by May 15, say experts
Germany nudges up growth forecast, ailing economy at 'turning point'
IGP takes notice of student's rape
Onslaught of encroachments violating pedestrians rights
Italy fines Amazon over 'recurring' purchase option
Top France court confirms ex-PM's conviction in fake jobs scandal
Trainee assistant superintendents of police visit Central Police Office Lahore
UBS chairman decries tighter capital rules
Israel says forces carrying out 'offensive action' in south Lebanon
Mashal Yousafzai terms profound bond of friendship between Pakistan-China as sou ..
Boy drowned while escorting buffalo herd through river Chenab
Police foils smuggling attempt
More Stories From Sports
-
Sana named ICC Women’s T20 World Cup Qualifier ambassador
1 hour ago -
Stone Lifter Martin Licis showcases skills at Haripur cultural sports competition
1 hour ago -
Imad Wasim expected to take part in fourth T20I match against New Zealand
1 hour ago -
Football: English Premier League result
1 hour ago -
Cycling delegation calls on Chief Minister KP Adviser on Sports, Youth Affairs
2 hours ago -
UCP wins Judo Championship 2024
3 hours ago
-
Shaheen Afridi excels in ICC T20I Rankings
1 hour ago -
Governor KP visits Khyber Girls Medical College
3 hours ago -
Selection committee named girls & boys for PM National TT League
4 hours ago -
Pak Vs NZ T20I: Orphaned children extended special invitation to watch match
7 hours ago -
'Serious talent' Fraser-McGurk bonds with Warner to light up IPL
9 hours ago -
West Indies women sweep ODI series
1 hour ago