Liverpool face £55m loss in TV revenue if Premier League season is voided
Liverpool face the prospect of losing as much as £55m in TV revenue if the 2019/20 Premier League season is voided due to the coronavirus pandemic (h/t Daily Mail).
The Premier League has been suspended since March 9 due to the coronavirus outbreak that has shook the world. While the suspension was issued till the end of April, with the situation across the globe changing every day, it is likely that there will be further delays, with no guarantee over whether the season will resume.
There have been calls to call off the season, but the Premier League remains committed to get the campaign finished, but only when it is ‘safe and appropriate to do so’. But if that does not become possible, all Premier League clubs face the prospect of a mammoth loss in TV revenues (h/t Daily Mail).
Liverpool, as leaders of the Premier League this season, stand to make £178m if the season goes along. But should the season get voided with the current table in place, the Reds will face a loss of £55m, with their broadcast revenue set to fall to £129m (h/t Daily Mail).
The report further states that a smaller clubs like Burnley could possibly go bankrupt if the season gets cancelled (h/t Daily Mail).
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The situation is certainly unfortunate and unfavourable for all Premier League clubs. While it is a good sign that all clubs remain committed to seeing the season through, the changing landscape means there can be no guarantees over the resumption of the campaign.