Home Sports French League lost 678 million dollars during the 2020-21 season

French League lost 678 million dollars during the 2020-21 season

Liga francesa perdió 678 millones de dólares durante la temporada 2020-21

French soccer’s top division lost 645 million euros ($678 million) during the coronavirus-hit 2021-21 season, the league’s financial watchdog said on Thursday.

The DNCG, as it is known in France, said 17 of the 20 Ligue 1 teams lost money last season.

Match earnings took a hit as matches were played without fans since October and limited to a capacity of 5,000 previously. Only Saint-Etienne, Rennes and Dijon — which fell — remained in the green.

The percentage of losses was 140 percent higher than the 269 million euros ($238 million) they lost during the 2019-20 campaign, which was canceled with 10 games remaining due to the pandemic.

Although that season ended early, the clubs took 170 million euros ($179 million) from ticket sales. The total fell immensely last season, to just 8 million euros ($8.4 million).

For example, the turnover of Paris Saint-Germain fell from 38 million euros ($40 million) to just 961,000 euros ($1 million).

Lyon fared little better, falling from €35.5 million ($37.3 million) to €2 million ($2.1 million).

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