Pandemic impact: First reports of 2020 suggest operating losses have more than doubled
3 December 2020
Twenty-four clubs in the Off The Pitch database have published their 2020 financial reports. On top of that we have included FC Barcelona and Real Madrid who have released key figures but not the full financial report.
With clubs ranging from the Netherlands, France, United Kingdom, Denmark, Spain, Portugal, Italy and Germany, it's becoming easier to infer how the pandemic has affected clubs on a continental level.
And the end of the 2019/20 season is only the beginning. Next year's accounts are expected to show more severe pandemic impacts, keeping the transfer market's decline and continued matchday shortages in mind.
The prolonged finish of last season saw clubs' operating cash flows interrupted and usual end-of-season proceeds were deferred into next year's finances. Therefore, it is no surprise that the combined operating losses of the 24 clubs doubled - from €522 million to more than €1.1 billion in 2020.
Tottenham stood out with the most impressive operating profit of 2019 but their surplus of €115 million has been wiped out in 2020 and turned into a €45 million deficit.
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