Sports
‘Premier League clubs lost £600m in season before virus’
Premier League clubs made a combined loss of £600 million in the 2018/19 season, even before suffering the financial pain of the coronavirus pandemic, a report revealed on yesterday.
Analysis from football finance experts Vysyble shows the 20 clubs in the English top-flight combined to post the huge loss despite record revenues of £5.15 billion ($6.6 billion)
The financial impact of COVID-19 is set to have a huge impact on the Premier League, even if plans to complete the current season behind closed doors go smoothly.
Premier League sides face paying a reported £330 million to broadcasters in rebates as matches could not be completed on schedule.
An estimated £126 million could also be lost in match-day income from gate receipts and hospitality.
“The COVID-19 virus is not the cause of football’s financial distress. It is merely the accelerant on what our data has very clearly and very correctly identified as a much longer-term problem,” said Vysyble director Roger Bell.
“The 2018/19 numbers are a disturbing and profoundly worrying financial outcome from England’s senior football divisions and is symptomatic of the deeper issues with the overall financial model.”
Wage costs for Premier League clubs have risen to £3.12 billion.
Everton posted alarming losses of £111 million, while Chelsea’s failure to qualify for the Champions League saw the Blues lose £96 million.
Yet the most worrying sign for the future financial health of the league may come from Tottenham.
Spurs posted a league-high profit of £68.6 million for the 2018/19 season on the back of a run to the Champions League final.
But the London club announced last week they had borrowed £175 million from the Bank of England.
They fear they could lose £200 million over the next year due to the loss of matchday income, cancellation of non-football events such as NFL matches and concerts and rebates owed to broadcasters.
“Our data has consistently demonstrated that football has been the master of its own misfortune with an over-reliance on TV revenues, staff cost-to-revenue ratios regularly in excess of safe operating limits (UEFA guidance recommends 70 per cent) and a failure to recognise key financial dynamics and trends,” added Bell.
The economic outlook for the Championship is also bleak.
Four Championship clubs have yet to release their full 2019 accounts, but the second tier of English football has so far combined for economic losses of £307 million.
The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350 million. – worldfootball.net
The Black Starlets will intensify preparations for the upcoming 2026 U-17 Africa Cup of Nations with a double-header of friendly matches against FC Samartex 1996 at the Nsenkyire Sports Arena, Samraboi.
The national U-17 side will first take on the youth team of Samartex on Saturday at4pm, as the technical team continues to assess player combinations and sharpen match readiness ahead of the continental tournament.
The following day, Sunday, March 15, the Starlets will return to the same venue to face the senior side of Samartex in another crucial preparatory fixture, also scheduled for 4pm.
These matches form part of a series of build-up games designed to test the squad’s depth, tactical discipline and competitive edge as they prepare for the AFCON challenge.
The Starlets have already played several friendly matches during their training programme, including encounters against True Democracy FC, Port City FC, Attram De Visser Academy, Semper Fi FC and Golden Kick FC.
The upcoming double-header is expected to provide another valuable opportunity for the technical team to fine-tune strategies and evaluate players as Ghana’s young talents continue their preparations for the 2026 U-17 AFCON.
The Football Association, in partnership with the Ghana Education Service in the Ayensuano District of the Eastern Region, is supporting the Ayensuano District Basic Schools Sports Festival, a three-day sporting event aimed at nurturing young talent and empowering students through sports and education.
The festival, scheduled to take place from March 9 to March 13, 2026, at Kofipare, will be held under the theme “Strengthening the Reset: Unleashing the Champion in You.”
The event is being organized in honour of Rev. Alexander Narh Amanya, the District Director of Education for Ayensuano, in recognition of his contribution to educational and youth development in the district.
The Women’s Football Development Unit of the GFA’s Technical Directorate views the festival as a significant platform to implement the Education Pillar of the GFA Women’s Football Strategy, which seeks to promote awareness, participation, and development opportunities for girls in football.
As part of the initiative, the GFA will engage female students through educational and empowerment sessions designed to introduce them to pathways in women’s football and encourage greater participation in the sport.
The Football Association will be represented by key officials who will provide mentorship and educational guidance to the participants.
Jennifer Amankwaa Sarpong, GFA Women’s Football Development Manager, will educate the girls on the Women’s Football Development Pathways, highlighting opportunities within the sport and potential career prospects.
Bernice Bempah, GFA Women’s Safeguarding Officer, will lead discussions on the GFA Safeguarding Code of Ethics, focusing on creating safe sporting environments and educating the girls on recognizing inappropriate behaviour, setting boundaries and confidently reporting concerns.
Patience Boadu, a public health practitioner and nurse, will facilitate sessions on girls’ health and football, covering important topics such as healthy lifestyles, hydration, menstruation, and personal hygiene.
The Ayensuano District Basic Schools Sports Festival is expected to combine sport, education and mentorship, creating an enabling environment for young girls to discover their potential both on and off the field while aligning with the broader vision of the Ghana FA to grow women’s football across the country.
