Covid-19 impacts Twenty European clubs to loose €1bn

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Twenty of Europe’s largest clubs have lost more than EUR 1 billion in revenue over the past year, according to a survey by market analyst KPMG, although nearly 10 percent have been knocked off average player prices as the game struggles with the economic impact of the Covid-19 pandemic.

In the European Champions Study, Juventus, Paris Saint-Germain, and Porto found double-digit percentage decreases in revenue, focusing on the league winners across the six major leagues and carried out by the Football Benchmark Unit, while Bayern Munich, Liverpool, and Real Madrid experienced a more modest decrease in revenue.

Madrid and Bayern both posted earnings, with the Spanish club with EUR 681.2m (£ 607m) having the highest revenue. They are followed by earnings of EUR 607.2m from Bayern, EUR 557m from Liverpool, and EUR 540.6m from PSG.

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