Season › 2022-23 › General Forum Most Premier League clubs made huge losses in 2020-21 By Michael Kenrick 13/07/2022 6 Comments [Jump to last] Share: Most Premier League clubs made losses in 2020-21, which was impacted by Covid-19, the combined total in excess of £1 billion, as revealed by Financial analysts Vysyble. Everton's losses of £130.8m were exceeded by Arsenal, Spurs and Chelsea:2020-21 #PremierLeague clubs ranked by economic profit. Just 3 clubs achieved a positive value (2 from loan write-offs). Four of Big Six clubs achieved 9-figure individual economic losses. pic.twitter.com/M4z3gqn5g2— vysyble (@vysyble) July 13, 2022 Vysyble co-founder Roger Bell said: “The ‘Big Six’ clubs [Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham] achieved combined economic losses of £688.76m which represents 63 per cent of the overall divisional economic loss for the year.”The losses by Premier League clubs in 2020-21 came despite combined revenue of £4.88bn – £3.34bn of which was made up of broadcast income.Since 2009 #PremierLeague clubs have achieved cumulative economic losses of £5.16bn. Combination of Covid and poor financial management accelerated rate of economic loss during most recent 2yrs of accounts. pic.twitter.com/4yDOCikkTH— vysyble (@vysyble) July 13, 2022 These revelations come in the 6th edition of a report titled: We’re So Rich It’s Unbelievable! The Illusion Of Wealth Within Football. Reader Comments (6) Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer () Michael Kenrick 1 Posted 13/07/2022 at I know that, in the past, Everton were careful to make sure that, if possible, they showed a small loss each season rather than a profit. The reason was simple: If you make a loss, you don't have to pay any tax. I assume this is still true. But the Premier League clubs as a collective seem to have taken it to a whole new level. Mike Gaynes 2 Posted 13/07/2022 at I feel so much better now. Brendan McLaughlin 3 Posted 13/07/2022 at Profit & loss we all understand but I'm not sure on the "economic" profit or loss thing? Anyone? Raymond Fox 4 Posted 13/07/2022 at If they would stop paying the players and managers silly money, they may turn a profit.To rub salt into the wound, a very large chunk of it goes overseas, probably never to return. Stephen Vincent 5 Posted 14/07/2022 at If you think of accounting profit as income less costs, economic profit takes into account taxation and intangibles such as depreciation and losses (or profits) on the sale of players or on revaluation. Justin Doone 6 Posted 18/07/2022 at I'd love to know which clubs took advantage of the government covid payments and how much.What's also worrying from our point of view is that, despite being a permanent Premier League club, our revenues are on a par with Wolves, West Ham and Aston Villa. This is marginly better than Brighton, Southampton and Leeds.We have failed to establish better and bigger deals for sponsorship etc which continues to demonstrate how poorly run we have been for decades.The new stadium at Bramley-Moore Dock can help, but it's a long way off making the jump up to the growing gap with the Sky 6. I'm also surprised how far Arsenal are behind the others. Add Your Comments In order to post a comment, you need to be logged in as a registered user of the site. » Log in now Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site. How to get rid of these ads and support TW Find out how to browse ad-free and support ToffeeWeb © ToffeeWeb