As per figures from finance company Deloitte, Premier League clubs reported a cumulative pre-tax loss of almost $1.4 bn for the COVID-hit 2019-20 season. The lack of spectators combined with a rebate paid to tv broadcasters cut revenue by about 13%.

    

Football: Premier League clubs suffer losses of nearly $1.4 bn during pandemic

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According to figures from finance company Deloitte, Premier League clubs reported a cumulative pre-tax loss of almost $1.4 billion for the coronavirus-hit 2019-20 season.

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A cumulative pre-tax loss of almost £1 billion was also the largest in Premier League history and almost five times the previous season's £200 million figure.

Although the losses were significant, the 20 Premier League clubs still made a combined £4.5 billion.