Spanish football top flight league, La Liga has revealed its clubs raked in total revenues of €3.82 billion for the 2020/21 season, a decrease of 24.1 per cent compared to the 2019/20 campaign.
The biggest contributors to the decline were a significant reduction in matchday revenue and player transfer fees, which fell 53 per cent and 52 per cent year-over-year (YoY) respectively due to the impact of Covid-19.
Net losses for LaLiga as a whole amounted to €892 million, 60 per cent of which was incurred by a single club. LaLiga did not specify which team, though Barcelona revealed a loss of €481 million after tax for 2020/21.
Factoring in player transfer revenues, total revenue erosion in European football over the last two campaigns amounts to more than €10 billion.
LaLiga is expecting revenue to once again surpass €4 billion as well as a forecasted increase of more than 180 per cent in earnings before interest, taxes, depreciation and amortisation (EBITDA).
