Forecast: 'Big Five' divisions facing losses of €4.4 billion for 20/21 reveals why top clubs are in desperate search for cash

Using a sample of ten half-year reports Off The Pitch provides an unprecedented analysis into the effects of Covid-19 exclusively on the current season.

While the €4.4 billion negative EBIT result is the likeliest scenario it could get much worse assuming just a slight alteration.

The losses show exactly why some of the biggest clubs have been exploring the idea of a Super League in the search for new revenue streams.

Wage-cuts and deferrals have seemingly been phased out, meaning salaries are driving a large part of the deficit.

Despite the widespread losses, strategy consultancy says investors are confident of football's long-term growth potential as evidenced over the past 12-18 months.