An eye-watering £4.5billion loss is expected to be suffered across Europe’s top six leagues as a result of the coronavirus pandemic, according to a new report from KMPG.
The international audit company have compiled an in-depth study into the effects the ongoing Covid-19 chaos caused last season, with particular focus given to the 2020/21 champions of the major European divisions.
All six champions, Real Madrid, Juventus, Liverpool, Porto, PSG and Bayern Munich, saw a decrease in operating revenues with estimated losses in that department across those six divisions reaching -€5B.