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Sport Premier League clubs lose half a billion in transfer revenue

03:20  24 september  2020
03:20  24 september  2020 Source:   dailymail.co.uk

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Premier League clubs made a combined loss of over half a billion pounds in 2018-19, even before the financial pain caused by the coronavirus pandemic is factored in. Analysis from Vysyble put the clubs ’ losses at £599.54million, despite record revenues of over £5 billion .

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Diogo José Teixeira da Silva, Leroy Sane posing for the camera: MailOnline logo © Provided by Daily Mail MailOnline logo

Premier League clubs are almost half a billion pounds down in transfer revenue this year with under a fortnight to go until the window closes, partly because players are reluctant to move due to the pandemic.

The economic uncertainty across Europe is the chief reason for top-flight clubs so far recouping around £209million from straight player sales compared to £650m last year.

A reluctance from players to relocate is further hampering the ability to sell unwanted squad members amid the coronavirus pandemic.

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The Premier League clubs also showed a record operating profit of £614m and pre-tax profit of £187m. Deloitte said the surge was fuelled by the Total transfer expenditure for the 92 English league clubs during the period topped £1bn for the first time. Premier plus: 2013-14 revenue list.

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a person standing posing for the camera: Wolves are one of the few clubs to have earned more than £25million in transfer revenue © Provided by Daily Mail Wolves are one of the few clubs to have earned more than £25million in transfer revenue

Sources say they have experienced added complications with some players under contract who are unwilling to change clubs due to the upheaval it would involve.

‘It depends on lots of other things than just money,’ said one source. ‘If you’re settled in a place at the moment, it probably feels easier to just stay put. Why would you change?’

A number of high-profile Premier League stars remain on the market, with Arsenal, West Ham, Manchester City and Manchester United all trying to shift players off their books.

Leroy Sane standing on a court: Many players have been reluctant to relocate unlike Leroy Sane who moved to Bayern Munich © Provided by Daily Mail Many players have been reluctant to relocate unlike Leroy Sane who moved to Bayern Munich

‘Moving to the other side of the country or somewhere abroad you’ve never been before is definitely a factor players are thinking about this summer,’ said one agent.

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Time and again, the January transfer window has proven to be a minefield for English Premier League clubs looking to make big money signings.

The Premier League clubs collectively lost close to half a billion pounds in 2009-10 but how in debt are they? Rises in revenue saw a £2.1bn total revenue for the Premier League clubs in 2009-10 but large debts and interest rates have stopped the income from soaring as 16 out of the 20 clubs

It represents another headache for recruitment teams who are trying to deal with an increased strain on finances as matches continue behind closed doors.

Eleven clubs earned more than £25m each in trading players out in 2019 — a stark contrast to this term. Only Wolves, Leicester City and Manchester City have broken that barrier so far, with the departures of Diogo Jota, Ben Chilwell and Leroy Sane to Liverpool, Chelsea and Bayern Munich respectively.

a man on a football field: Ben Chilwell's sale to Chelsea earned Leicester £50million in transfer sales earlier this summer © Provided by Daily Mail Ben Chilwell's sale to Chelsea earned Leicester £50million in transfer sales earlier this summer

Ten teams have yet to sell a player for a fee to a new club, although the conversion of loan moves to permanent transfers has been prominent, with eight across the division. Those have proved more palatable for players, who were not stepping into the unknown.

Chelsea account for three of them, including the deal with Atletico Madrid for striker Alvaro Morata struck in 2019.

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