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Sunday, July 14, 2024

La Liga Reports Drop in Revenue, Averts Worse Losses

  • La Liga released a fiscal report for the 2020-21 year that detailed just how much damage the pandemic has caused.
  • Net losses reportedly totaled more than $940 million.
Atletico Madrid

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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