Premiership was coming back next week (17/6 days) but this tournament organizing committee has announced a shocking figure. It's Premier League loss to £ 1 billion for pandemic Covid-19.

Half the money losses that may be recovered through sales in the rest of the season and fine clubs must pay for TV license. However, the remaining 500 million pounds will be a negative amount that tournaments must bear.

Premiership disaster: Cash hole billion surpassing the record of Ronaldo
Premiership losses because Covid-19 (Image Source: Internet)

Premiership losses because Covid-19

After 3 months of stalled because Covid-19 Premiership witnessed record losses in the history of this tournament. With 92 matches remaining place in the absence of spectators, the Premier League will be difficult to recoup losses on.

According to calculations, 330 million pounds will be the amount of 20 Premier League teams are expected to be paid back to the TV station license for the period sidelined by Covid-19. Fines also help Premiership less partial negative amount of tournaments.

Notably, loss of the Premier League is more than the amount of income in a career from playing professional football superstar Cristiano Ronaldo leading. Portugal striker who has gone down in history when becoming the first footballer to achieve milestone revenue of $ 1 billion (785 million pounds).

Premiership disaster: Cash hole billion surpassing the record of Ronaldo
Ronaldo has achieved record earnings of $ 1 billion in career (Image Source: Internet)

Ronaldo has achieved record earnings of $ 1 billion in career

The season lasted until August sparked hope for a better future to the Premiership, especially when the fans are allowed on the field again. However, according to Dan Jones, partner and head of the Group of Deloitte sports business, everything is not necessarily bright for this tournament.

"We hope these losses pandemic Covid-19 cause can be mitigated somewhat when European football back. However, the team faced the effects of the financial situation, including discounts to sell players, lost revenues and costs regularly broadcasting rights ", Director of sports business Group, said Deloitte.

With total revenue of 5.2 billion pounds in record 2018/19 season, 20 teams are expected Premier League is still not too difficult to maintain their operations. Even so, they will also be considered from several aspects by whether the season was coming back, but certainly will not be the source of revenue proportionate response to what they had been earlier in the season.