April 20, 2024

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La Liga posts losses of 892m euros for pandemic-hit 2020-21 season

2 min read
La Liga posts losses of 892m euros for pandemic-hit 2020-21 season
La Liga posted losses of 892 million euros for the ­pandemic-strike 2020-21 period, with Barcelona accounting for more than 50 {cf07cd047201b183b19c0b335dbd7d35a498f84568531c8abe8643bd3ccfd494} of the shortfall, in accordance to figures announced by the Spanish league this 7 days.

Barca had been liable for 56 per cent of La Liga’s web pre-tax losses during that year as Spanish clubs endured the fiscal consequences of empty stadiums and lessened matchday income.

Fewer transfer activity, compressed television schedules and a fall-off in industrial money also experienced a important affect, the league explained.

La Liga golf equipment posted complete revenues of 3.818 billion euros (4.022 billion pounds) for 2020-21, which represented a 24.1 p.c decrease on the 2019-20 time, which was also strike by the COVID-19 pandemic, but only in the past few months. Matchday money and player gross sales were being down 53 p.c and 52 per cent respectively in 2020-21.

It is the initially time the Spanish best flight has built a reduction considering that 2012 but the league expects to recover entirely in the subsequent two seasons.

“The substantial financial solvency and accountability of most golf equipment has assisted Spanish specialist football prevail over this disaster,” the league said in a statement. “A strong recovery is expected in the 2021-22 season when in 2023-24 full normality should be accomplished.”

La Liga’s losses were being exacerbated by Barcelona’s dreadful monetary situation, which led to the resignation of the club’s president Josep Maria Bartomeu in Oct 2020 and Lionel Messi leaving for free in August last year.

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