crisis shock bill Coronavirus

Premier League giant losing £9m-a-week as coronavirus crisis begins to take financial toll

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www.mirror.co.uk

One Premier League giant is losing a staggering £9million-a-week. And they may have to take out a £100m bank loan to cover their potential losses during the coronavirus lockdown.

That is the real cost facing one of the top clubs during the crisis and why some have now been forced into looking at potential pay cuts and deferrals for their players.

It comes because the clubs are still having to pay out their biggest costs - player wages - during the lockdown without any income.

They are facing the potential nightmare of having to pay back up to £750m in TV cash to broadcasters, they are missing out on gate receipts, sponsorship deals and significant match day revenues.

Read more on mirror.co.uk
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