• Loading stock data...
Wednesday, July 9, 2025

Premier League Club Announces $70M in Losses

  • Brighton and Hove Albion released its 2020-21 finances on Monday, announcing it had suffered $70.2 million in losses. 
  • The number is staggering, though still lower than their 2019-20 reported losses of more than $88 million.
Brighton & Hove Albion/Design: Alex Brooks

COVID continues to impact the sports world — most recently a Premier League club.

Brighton and Hove Albion released its 2020-21 finances on Monday, announcing it had suffered $70 million in losses. 

The number is staggering, though still lower than their 2019-20 reported losses of about $88 million.

“While we are once again reporting a loss, which is never ideal, we have seen an increase in turnover and reduction in the losses, despite the pandemic impacting the entire season,” deputy chairman and chief executive Paul Barber said.

Barber attributed half of total losses “directly” to the pandemic:

  • Matchday, event, and commercial turnover was “all but wiped out for the entire season.”
  • There were extra costs associated with providing COVID safeguards.

The announcement noted that the financials don’t include Ben White’s transfer to Arsenal.

Major Trend

The news is unsurprising given the gargantuan losses suffered by the European soccer market during the pandemic.

In 2019-20, for example, the market dropped by a total of $29.7 billion, according to Deloitte. There was, however, a $7.1 billion parachute fund organized by UEFA that mitigated some of the losses — though clearly not all.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Chelsea

Chelsea Club World Cup Run Banks at Least $100M for Mark Walter..

The Blues will likely take home between $100 million and $120 million.
Gianni Infantino

FIFA Tightens Trump Ties With Trump Tower Office

Trump and Infantino’s bromance is still kicking.
Enzo Fernandez

Chelsea Players Hawk Club World Cup Tickets on Instagram As Prices Plunge

The semifinals are set for weekday afternoons in New Jersey.
Chelsea

Club World Cup Semis Are Battle to Make Richest Soccer Final Ever

Semifinalists have each earned at least $60 million from the tournament so far.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”

Texas Sports Teams, Leagues Donate Over $5M to Flood Relief

NFL, MLB, and NBA teams in Texas donate to flood recovery efforts.
July 6, 2025

Liverpool to Pay Diogo Jota’s $20M Contract to His Widow

Jota had two years remaining on his contract.
July 7, 2025

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 2, 2025

Rogers Takes Control of Canada’s Top Teams in MLSE Buyout

The Canadian media giant now has an arguably unrivaled sports portfolio.
Myles Turner
July 1, 2025

Pacers Sour on Paying Luxury Tax and Let Myles Turner Walk

The team had seemed willing to cross the threshold for their center.
Manchester City
July 1, 2025

Manchester City Pockets $50 Million for Early Club World Cup Elimination

Saudi side Al-Hilal will bank at least $35 million in its quarterfinal run.
July 1, 2025

Bucks Shock NBA World By Waiving Lillard’s $113M Deal, Signing Turner

Damian Lillard had two years left on his deal.