European soccer clubs revenues slide €3.7bn amid Covid crisis 

The big screen displays the attendance of 10,000 fans thanking them for their support during the Premier League match at the Etihad Stadium, Manchester, in May.

The European soccer market contracted for the first time since the financial crisis in the 2019-2020 season, as the coronavirus pandemic disrupted some of the continent's biggest competitions.

Revenue fell by 13%, or €3.7bn, to €25.2bn as matches were postponed or cancelled amid social distancing measures, according to a report from Deloitte. The pain was felt across Europe’s largest leagues, with the so-called “big five” seeing revenue decline 11% in the season.