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Premier League clubs lose almost £1bn across 2019/20 as wage bills and finances released
Premier League clubs lost almost £1billion during the 2019/20 campaign, according to their most recently published accounts. Newcastle United last week became the last Premier League club to publish their 2019/20 season accounts, making a pre-tax loss of £22.5million over the course of the season. The Magpies’ contribution brought the total registered losses for all of the top flight clubs to a huge £979.3million during the Covid-19-stricken season which caused clubs havoc from March onwards. Only Chelsea succeeded in not making a loss out of the traditional English ‘Big Six’, with the club recording a £35.7million profit partly due to a transfer ban which lasted until February...
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