Tuesday's Most Important Stories: Southampton record £76 million loss citing Covid19 effects; 'Covid clauses' new normal to mitigate risk; Laporta frontrunner among Barcelona presidency candidates; French football discuss reducing wages; Bolivian club joins City Football Group

12 January 2021

Toby Steele
Photo: PA Images In a statement on Southampton's website managing director Toby Steele commented on the clubs 2019/20 financial report: "As with many companies and industries, the Group is in the midst of a challenging financial environment due to the impact of the COVID-19 pandemic. This is reflected in the financial results for 2019/20 and necessitated the Group to restructure its debt facility during June 2020."
Emil Gjerding Nielson nielson@offthepitch.com

1. Southampton record £76 million loss citing Covid19 effects

Southampton FC recorded a pre-tax loss of £76.1 million in the 2019/20 season, a £35.1 million increase on the year prior, citing the "devastating" impact of Covid-19, according to their just-released financial report.

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