The coronavirus or COVID-19 pandemic has caused a complete shutdown in the world of football with all the major leagues in the world currently suspended due to the outbreak, with clubs asking their players to self-isolate during this time.
The outbreak of COVID-19 has also led to clubs suffering losses in terms of revenue and now it has emerged that Liverpool could face losses of £55million from TV revenue if the Premier League season is voided or cancelled.
#LFC is continuing to deal with a range of challenges caused by the impact of the COVID-19 pandemic and would like to update supporters on the progress that has been made to date. https://t.co/0QAiCSVDv6
— Liverpool FC (at 🏠) (@LFC) April 4, 2020
As per the Dailymail, the Reds would only receive around £123million if the season is cancelled by the authorities, which would be a drop from the 178m they netted last time around, while Norwich City who are at the end of the table would get a payment of £79.5m as compared to the £94m from last season.
The Premier League work out payments through fixed shares of domestic and foreign TV money. A new method had been brought in to boost clubs in higher league positions, hence the disproportionate ‘hits’.
While it is certainly a drop in revenue for Liverpool, their situation is way better than that of Burnley who could go bankrupt if the league voids the season. It has been stated that the Clarets face missing out on payments up to £45m, a situation several Premier League clubs face.