Financial Conditions of Football Clubs During Pandemic
C-Virus has had a tremendous impact on the world of football from a sporting and financial standpoint.
Through its annual report, Sbobet reveals the richest clubs in world football today.
For the first time since this report, all clubs have suffered significant losses in terms of revenue.
“We estimate that around 20 clubs in the Money League will lose more than 2 billion euros in revenue or gross revenue from the 2019-2020 season until the end of the 2020/2021 season,” the company said.
If converted into rupiah currency (1 euro = 17,015.57 as of January 29, 2021), the total loss of these 20 richest clubs is around IDR 34 trillion.
“Mainly, it was driven by reduced revenue during matches, due to absenteeism, as well as cuts in broadcasting rights from broadcasters and some of the potential commercial impact that has diminished as a result of this period.”
Here are the five richest clubs in 2020 in terms of income, according to Sbobet‘s latest report, as we know, Sbobet has been a very supportive company to all football clubs in the world. They are mainly working under an online gambling site which is the biggest place for you to support your favorite team by placing your bet.
- Barcelona (715 million euros or Rp 12 T)
This giant team from La Liga is currently hit by an extraordinary economic crisis.
Even though it was hit by the crisis, Blaugrana still leads in revenue at 715 million euros.
However, this figure has decreased by 125 million euros from last year or around Rp. 2 trillion.
The number of players being sold, such as Luis Suarez, Miralem Pjanic, Nelson Semedo, Arturo Vidal, and others, are intended to reduce Barcelona’s salary burden and improve the balance sheet.
2.Real Madrid (714.9 million euros or Rp 12 T)
Los Blancos are in first place in 2020 and are very close to last year’s position in 2021.
Los Merengues only lost 42 million euros (Rp. 714 M).
The number of players sold or loaned such as James Rodriguez, Martin Ødegaard, Dani Ceballos, Achraf Hakimi, Sergio Reguilon, Takefusa Kubo, Gareth Bale, and several other players is a smart move for management to cut losses as much as possible.
During difficult times like this, merchandise sales actually increased by 8%.
- Bayern Munich (634.1 million euros or IDR 10.7 T)
The Champions League champions moved up one place and made it into the top 3 for the first time.
The successful achievement on the field led to an explosion in merchandise sales and made the Bavarian club record the most sales records of all time.
The team made by Hansi Flick won the treble by winning the Bundesliga, UCL, and DFB Pokal titles.
Bayern Munich can also take advantage of social media trends where they are very active on Tik Tok.
- Manchester United (580 million euros or Rp. 9.8 T)
Manchester United has steadily dropped from the list of the world’s richest teams in recent years.
Finally, The Red Devils were ranked 1st in 2017, 5 years ago.
The football achievement crisis was started by Ed Woodward, the executive vice-chairman at the club.
In 2020, this club experienced a decline in profits of up to 131 million euros (Rp. 2.2 T).
United has decreased by 19% from the previous season, namely the 2019-2020 season.
- Liverpool (558 million euros or Rp. 9.4 T)
Liverpool has developed into a spectacular team in the last five years.
Led by Jurgen Klopp, the club from Merseyside managed to bring this team from the richest team at number 9 in 2017 to the current rank of 5.
Winning the Champions League and Premier League is the key to skyrocketing this club’s income.
This pandemic made Liverpool’s income decreased 8% from the previous year.