Accounting Firm Complies Financial Losses of All the Different European Champions in 2019-20; PSG Sees 15-Percent Drop in Revenue

The 2019-20 season saw an interruption in play as the coronavirus pandemic ravaged Europe. Leagues around the continent had to pause their seasons while others outright canceled it. 

As a result, clubs are seeing financial revenue losses due to supporters not attending matches. At times, sponsors have also delayed their payments because of the monetary losses they’re also experiencing. 

Then there’s the case in French football where their television deal went up in flames after Mediapro could not make payments. 

With all these financial losses clubs are enduring, KPMG (via Canal Supporters) put together their annual report to provide a visual of how much the coronavirus pandemic has caused clubs to bleed out money. 

The French media outlet highlighted all the champions around Europe and how much revenue they made during the 2018-19 season in contrast to 2019-20, where they all saw losses.  

For Paris Saint-Germain, the reigning Ligue 1 champions made €636-million in financial revenue during the 2018-19 campaign. The earnings take into account television rights, commercial partners, and ticket office.

Once the coronavirus pandemic affected the 2019-20 season, the capital club saw a 15-percent decrease in revenue as they brought in €540.6-million. KPMG reports that Les Parisiens endured a €125.8 million losses after taxes.

With any season of new supporters in the stands, commercial partners taking hits economically, and the television ordeal with Mediapro, PSG will brace for another year of financial losses. 

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Tags coronavirus KPMG PSG
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