Road to recovery: European football's uphill battle towards profitability post-pandemic
IMAGO | Paris Saint-Germain and Juventus posted the biggest EBIT loss in European football in 2021/22
European football commenced its recovery from the Covid-19 pandemic during the 2021/22 season, as restrictions on match attendance were gradually lifted across the continent.
We've scrutinised the 2021/22 financial statements of over 230 European clubs, seeking to understand their financial trajectory and determine whether they are regaining their fiscal footing.
Why it matters: The lifting of Covid-19 restrictions across Europe means the 2021/22 season could mark a fresh beginning for the football industry, potentially signifying a turnaround in financial stability.
The perspective: Despite turnover rebounding to pre-pandemic levels, the financial toll of the pandemic on all European football clubs has been significant. The road to achieving a profitable and financially sustainable industry appears to be a long one.
28 June 2023 - 9:40 AM
With most of the Covid-19 restrictions lifted in Europe, the 2021/22 season commenced amid a palpable sense of relief throughout the industry. Clubs now anticipated a return to normalcy across the three pivotal revenue streams – matchday, broadcasting, and commercial income.
However, the central question lingers – have financial figures recovered to pre-pandemic levels? Has the industry, having navigated through a challenging era, made headway towards creating a more financially sus
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