Premier League clubs set to lose over $1.24 bn revenues over coronavirus crisis: Report

coronavirus outbreak is set to inflict a massive financial crisis to  Premier League, which spells big losses for clubs in English top-flight competition. suspension of Premier League meant that clubs are losing out on commercial revenue, Premier League TV rights deal and matchday revenue mounting up to over £1 billion ($1.24 billion). Man City and Liverpool are in top two on  list of clubs to be most affected by Premier League financial crisis. 

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Premier League financial crisis: Premier League TV rights deal

Premier League financial crisis stems from fact that coronavirus has put UK under a lockdown. With games being played, fans are unable to purchase tickets on matchdays. Furrmore, clubs will lose out on more money with Premier League TV rights deal through broadcasters such as BT Sport and Sky Sports.  total amount expected to lost to through Premier League TV rights deal mounts up to £762 million ($941 million). According to Sportsmail analyst Nick Harris, Liverpool are set to lose most amount of revenue through Premier League TV rights deal with £55.2 million ($68.2 million) while Man City follow in close proximity at £53.6 million ($66.2 million). Man United are fifth on Premier League TV rights deal list as Red Devils expected to lose £48 million ($59.3 million), behind Chelsea and Leicester City. 

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Premier League financial crisis: Matchday and commercial revenues

Man United lead way for 'total income loss' amid  Premier League financial crisis with a staggering £116.4 million ($143.82 million). Ole Gunnar Solskjaer's side top charts for losing out on most matchday revenue at £17.6 million ($21.7 million) as well as commercial revenues (£50.8 million i.e. $62.8 million). Behind Man United are Pep Guardiola's Man City, who are set to suffer a total loss of £109.3 million ($135 million) and Liverpool are in third place as a potential £102.6 million ($126.7 million) could go down drain for Reds. However, it is worth ting that  calculations of Premier League financial crisis are done with respect to league being cancelled. 

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Premier League financial crisis also affects relatively smaller clubs such as Carlo Ancelotti's Everton, standing to miss out on a furr £32.2 million ($39.78 million), Crystal Palace at £31.9 million ($39.42 million) and Brighton at £23.9 million ($29.53 million), based on ir current positions on table when league was suspended. Most teams have nine more games to complete campaign but resumption of Premier League seems unlikely anytime soon. coronavirus in UK has worsened over past few weeks as death toll has crossed 5,300. 

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