Spanish duo Barcelona and Real Madrid are in line for the biggest losses of the top European clubs if there is a slow recovery for their league in the 2020-21 season, according to a new report.
In the worst-case scenario emanating from the coronavirus pandemic, it is claimed the LaLiga giants face missing out on revenue of upwards of $436 million
With Covid-19 cases having fallen and lockdown restrictions relaxed in recent weeks, the suspended Spanish league is planning to resume the 2019-20 campaign, behind closed doors, on 12 June.
However, in the event this is not possible, defending champions Barcelona stand to lose between $131 million and $283 million and Real between $108 million and $251 million, according to the study conducted by Deutsche Bank and published in Spanish media on Thursday.
Across Europe, the bank is estimating that the top clubs will lose between 13 per cent and 30 per cent of revenue if their leagues cannot be completed this season.
The Spanish figures compare with between $98 million and $234 million for England’s Manchester United and between $82 million and $201 million for their domestic rivals Manchester City and Liverpool if the Premier League cannot resume.
French Ligue Club losses as season got terminated
France’s Ligue 1 has already terminated its season, meaning champions Paris Saint-Germain are set to lose out on between $109 million and $212 million, according to Deutsche Bank.
However, Germany’s Bundesliga resumed, without spectators, last weekend, and aims to finish by the end of June, sparing top club Bayern Munich of potential losses of between $87 million and $218 million.