Premier League clubs in a combined loss of £599.5m

Clubs in the Premier League made a combined loss of UK£599.5 million (US$760 million) in 2018/19, according to a report by business analysts Vysyble, reports, www.sportspromedia.com/.

Despite Premier League clubs bringing in record revenues, exceeding UK£5 billion (US$6.3 billion) in total that season, the report reveals that since 2009 only in two campaigns – 2016/17 and 2017/18 – has the league posted a collective economic profit.

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Those losses were recorded prior to the coronavirus pandemic, which is set to have a significant financial impact on Premier League clubs even if they are able to complete the 2019/20 season.