Deloitte’s annual football review predicts a financial boost for the likes of Arsenal, Chelsea and Tottenham among other Premier League clubs in 2020/21.
The Premier League revenues could reach a record high as per their estimation.
Dan Jones, partner and head of the Sports Business Group at Deloitte, said: “We expect the ongoing COVID-19 pandemic to cause significant revenue reduction and operating losses across European football in the current season’s financial results.
“Football returning – in a safe and sensible way – is clearly important to limiting the financial impact that the pandemic has had. Leagues across Europe have been responding in different ways and at different paces.
“The success of each league’s return, and the strength of each one’s relationships with broadcasters and commercial partners, will have a potentially significant and lasting impact on the financial strength of clubs and leagues.”
Apparently, the revenue lost this season could be recovered next year.
The delay in Premier League restart could see some of the 2019/20 broadcast revenues are postponed to the 2020/21 financial year and that will result in a bumper revenue year.
It will be interesting to see how football and the Premier League copes with the losses this season.
Clubs have lost broadcast revenue and matchday revenue. Even if the football restarts, matches will be played behind closed doors without fans.
As per Deloitte’s reports, the likes of Chelsea are benefiting from having a Russian Olygarch who is capable of funding a big window this year.
Chelsea did not sign players because of a ban last year and Abramovich is looking to make amends now.