Pandemic impact: What do the first financial reports of 2020 reveal?
16 November 2020
A tenth of the clubs in the Off The Pitch database have released their 2020 financial reports. We have taken a closer look at the most eye-catching developments.
The financial reports thus far released show an overall decrease in revenue of 14 per cent.
A major shortage of broadcasting revenue is partly explained by its deferment due to the prolonging of last season.
The average wage bill decreased as clubs tried to offset pandemic-related income shortages in the latter part of the financial year. However, cutbacks averaged a mere five per cent.
The total operating cash flow of the clubs fell from a €315 million surplus to a €270 million deficit, revealing the significant cash gap created by the awkward finish to last season.
The overall profitability of the clubs plummeted by €28 million per club on average.
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