Sports News | French First-division Clubs Lost $678 Million Last Season
Get latest articles and stories on Sports at LatestLY. French first-division soccer clubs lost 645 million euros ($678 million) during the coronvirus-hit 2020-21 season, the league's financial watchdog said.
Paris, May 6 (AP) French first-division soccer clubs lost 645 million euros ($678 million) during the coronvirus-hit 2020-21 season, the league's financial watchdog said.
The DNCG said 17 of the 20 teams in Ligue 1 lost money last season.
Match revenues took a huge hit as games were held without fans from October onward and with limited capacity set at 5,000 before that. Only Saint-Etienne, Rennes and Dijon — which was relegated — stayed 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 called off with 10 matches left as the pandemic hit.
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Even though that season ended early, clubs still grossed 170 million euros ($179 million) from ticket sales, a total that dropped massively last season to barely 8 million euros ($8.4 million).
For example, Paris Saint-Germain's ticket receipts fell from 38 million euros ($40 million) to 961,000 euros ($1 million).
Lyon fared marginally better, dropping from 35.5 million euros ($37.3 million) to 2 million euros ($2.1 million). (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)