Earlier this week, La Liga released a fiscal report for the 2020-21 year that detailed just how much damage the pandemic has caused across the Spanish league.
Total revenue was reported at about $4 billion, almost 25% less than the total revenue for the 2019-20 season. Net losses totaled more than $940 million.
- The league cited player transfer fees and matchday revenue as the biggest contributors to the losses — both suffered more than a 50% drop.
- According to the announcement, one unnamed club’s finances dragged down most of the others.
La Liga pointed out, however, that the losses weren’t as high as a previous report from PwC anticipated, nor were they as dire as those reported by UEFA.
The 2021-22 season is expected to be “the start of the recovery period.” By the 2023-24 season, La Liga expects “normal” revenue to be restored.
Lucrative Partnership
The Spanish league cited the somewhat controversial $3.2 billion investment from CVC Capital as a major boon, preventing it from sinking even lower during the pandemic.
CVC reportedly now holds more than 10% of ownership of the league.
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