(Reuters) – Bayern Munich have been the one title winners in Europe’s eight main soccer leagues to show a revenue in the coronavirus-disrupted 2020-21 season, a research from auditing agency KPMG confirmed on Wednesday.
The Bundesliga champions simply scraped into the black with an after tax revenue of 1.8 million euros ($2.0 million), additionally recording the bottom ratio of employees prices to working income at 58%.
“While the reopening of stadia and a few main business offers signed not too long ago might present some optimism … the pandemic solely magnified the monetary sustainability points and fragility of the soccer ecosystem,” KPMG’s international head of sports activities Andrea Sartori stated.
Exemplifying these issues, Serie A winners Inter Milan posted an annual lack of 245.6 million euros on working revenues of 347.5 million, with La Liga champions Atletico Madrid dropping 111.7 million euros on revenues of 349.6 million.
Topping the income desk have been Premier League champions Manchester City, producing 644.2 million euros, an increase of 17% from the earlier season, the research confirmed.
City, who reached the ultimate of the Champions League, additionally leapfrogged native rivals Manchester United (557 million euros) for the primary time.
Bayern have been second behind City with revenues of 597.5 million euros, whereas Turkish Super Lig winners Besiktas had the bottom income among the eight champion clubs with 59 million euros.
Six of the clubs elevated broadcasting revenues, benefiting from deferred earnings associated to matches postponed from the 2019-20 season and performed after June 2020.
($1 = 0.8825 euros)
(Reporting by Aadi Nair in Bengaluru; modifying by John Stonestreet)
