French first-division clubs lost $678 million last season

Paris, May 5 (BNA): French Ligue 1 clubs lost 645 million euros ($678 million) during the 2020-21 season, which was affected by the Corona virus, the Financial Supervisory Authority of Ligue 1 reported, Thursday.

The DNCG said 17 of Ligue 1’s 20 teams lost money last season, reports the AP today.

Match revenue was a huge success as matches were played without fans from October onwards and with a limited capacity set at 5,000 before that. Only Saint-√Čtienne, Rennes and Dijon – which landed – remained in the green.

The total amount lost was 140 percent higher than the total of 269 million euros ($283 million) lost during the 2019-20 campaign, which was canceled with 10 matches remaining as the pandemic spread.

Although this season ended early, clubs still generated 170 million euros ($179 million) in ticket sales, a total that dropped dramatically last season to barely 8 million euros ($8.4 million).

For example, Paris Saint-Germain ticket receipts fell from 38 million euros ($40 million) to 961 thousand euros ($1 million).

Lyon did marginally better, dropping from 35.5 million euros ($37.3 million) to 2 million euros ($2.1 million).


Source link

READ MORE  Bank ABC Islamic announces 2021 year-end net profit to $29.9 million

Leave a Comment