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

26 April 2021

Photo: Alamy

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.

Emil Gjerding Nielson and Joseph Mailil, analyst

Europe's 'Big Five' leagues are facing combined losses of €4.4 billion for the 2020/21 year, according to a forecast by Off The Pitch for the first time highlighting the financial consequences of Covid-19 exclusively on the current season.

Following the announcement and subsequent collapse of the Super League and FC Girondins de Bordeaux' owner pulling financial support, the findings show why some of the game's biggest clubs have been exploring new sources of cash because of the pandemic. 

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