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La Liga post losses of €892 million

La Liga

La Liga post losses of €892 million

Madrid: According to figures released by the Spanish League, La Liga has suffered a loss of 892 million euros for the epidemic of the 2020-21 season, with Barcelona reduced by more than half. Barca were responsible for 56% of La Liga’s net pre-tax losses this season as Spanish clubs suffered financial consequences from empty stadiums and reduced match day earnings.

The league said low transfer activity, compressed television schedules and a drop in commercial revenue also had a significant impact. La Liga clubs posted total revenues of 3.818 billion euros (0 4.022 billion) for 2020/21, representing a 24.1% decline in the 2019/20 season.

Also affected by the CoVID-19 epidemic, but only in the last few months. In 2020/21, match day earnings and player sales declined by 53% and 52%, respectively. This is the first time since 2012 that La Liga has suffered a loss, but the league expects to recover completely in the next two seasons. The league said in a statement: “The high financial resolution and responsibility of most clubs has helped Spanish professional football overcome this crisis.”

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