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Premier League clubs lost £600 million in season before virus, says report

Premier League clubs made a combined loss of £600 million in the 2018/19 season, even before suffering the financial pain of the coronavirus pandemic, a report revealed on Tuesday.
Analysis from football finance experts Vysyble shows the 20 clubs in the English top-flight combined to post the huge loss despite record revenues of £5.15 billion ($6.6 billion)
The financial impact of COVID-19 is set to have a huge impact on the Premier League, even if plans to complete the current season behind closed doors go smoothly.
Premier League sides face paying a reported £330 million to broadcasters in rebates as matches could not be completed on schedule.
An estimated £126 million could also be lost in matchday income from gate receipts and hospitality.
“The COVID-19 virus is not the cause of football’s financial distress. It is merely the accelerant on what our data has very clearly and very correctly identified as a much longer-term problem,” said Vysyble director Roger Bell.
“The 2018/19 numbers are a disturbing and profoundly worrying financial outcome from England’s senior football divisions and is symptomatic of the deeper issues with the overall financial model.”
Wage costs for Premier League clubs have risen to £3.12 billion.
Everton posted alarming losses of £111 million, while Chelsea’s failure to qualify for the Champions League saw the Blues lose £96 million.
Yet the most worrying sign for the future financial health of the league may come from Tottenham.
Spurs posted a league-high profit of £68.6 million for the 2018/19 season on the back of a run to the Champions League final.
But the London club announced last week they had borrowed £175 million from the Bank of England.
They fear they could lose £200 million over the next year due to the loss of matchday income, cancellation of non-football events such as NFL matches and concerts and rebates owed to broadcasters.
“Our data has consistently demonstrated that football has been the master of its own misfortune with an over-reliance on TV revenues, staff cost-to-revenue ratios regularly in excess of safe operating limits (UEFA guidance recommends 70 per cent) and a failure to recognise key financial dynamics and trends,” added Bell.
The economic outlook for the Championship is also bleak.
Four Championship clubs have yet to release their full 2019 accounts, but the second tier of English football has so far combined for economic losses of £307 million.
The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350 million.
Reporting and photos: AFP
Excursions
From first visit to thousand dives: Love story anchored at Bandos Maldives

Bandos Maldives recently marked a significant milestone with two of its most loyal guests, Kate and Andy, who have shared a long-standing connection with the island.
Andy achieved an impressive feat by completing his 900th dive, all undertaken with Dive Bandos. His wife, Kate, surpassed this accomplishment by reaching her 1000th dive, with over 900 of those dives also completed alongside the Bandos team.
The Dive Bandos team joined the couple in celebrating this memorable occasion, recognising not only their dedication to diving but also the enduring bond they have formed with the resort over the years.
Kate and Andy’s relationship with Bandos extends far beyond statistics. Having first visited the island in 2006, they have returned every year since, making Bandos an integral part of their lives. In 2014, the couple even chose to exchange their wedding vows underwater at the resort — a unique moment that forever linked their love story with Bandos.
“Celebrating guests like Kate and Andy reminds us of what Bandos truly represents,” said Ismail Rasheed, General Manager of Bandos Maldives.
For Bandos Maldives, moments such as these exemplify why guests continue to choose the island for both adventure and a sense of belonging. With stories like Kate and Andy’s, Bandos stands not merely as a dive destination, but as a home — both beneath and above the waves.
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Dive into inspiration: Alessia Zecchini at Sun Siyam Olhuveli

Sun Diving will host a special ocean experience with world champion freediver Alessia Zecchini on 13 October 2025. The event is scheduled to take place at Sunrise Beach, Sun Siyam Olhuveli, from 4:00 PM to 5:30 PM, offering guests the opportunity to meet the athlete widely recognised as ‘The Deepest Woman in the World.’
Born in Rome in 1992, Zecchini began freediving at the age of 13 and went on to set multiple world and European records. She was the first woman to reach a depth of 100 metres in free immersion and has since achieved 123 metres in constant weight with monofin. Her career has been celebrated internationally, including in the film Vertical Breath and the Netflix documentary The Deepest Breath. She continues to advance the sport while promoting awareness of ocean conservation.
The event at Olhuveli will feature an informative talk where Zecchini will reflect on her freediving journey, achievements, and the importance of protecting the marine environment. Guests will also have the chance to take part in a Q&A session with her and the Sun Diving team. In addition, Sun Diving will organise an interactive beach activity where participants can try scuba and snorkel gear in shallow waters under the guidance of instructors. Guests will also be able to capture photographs, collect autographs, and learn more about diving at the dedicated booth, which will highlight special offers from Sun Diving.
“Welcoming Alessia Zecchini is an honour for us and an inspiration for our guests,” said Ahmed Nihaan, Dive Centre Manager at Sun Siyam Olhuveli. “Her achievements beneath the waves embody both human potential and the importance of protecting our oceans.”
Sun Diving, the official diving division of Sun Siyam Group, provides SSI-certified courses, snorkelling, freediving, and specialty programmes across its Maldives properties. As a subsidiary, it enhances guest experiences with curated dive packages, illustrated dive maps, lifeguard training, and eco-focused initiatives, positioning Sun Siyam as a leader in sustainable marine-based activities.
Featured
Finolhu showcases Maldives’ only PADI Mermaid Instructor Trainer

Dive Butler International, in collaboration with Finolhu, a Seaside Collection Resort, is highlighting the achievements of Mara Restelli, recognised as the Maldives’ only certified PADI Mermaid Instructor Trainer.
With this rare qualification, Restelli offers a series of exclusive experiences designed to introduce guests of all ages to the art of mermaiding. The programmes range from playful introductory sessions to advanced courses and professional-level Instructor Development Courses (IDC).
“Mermaiding is more than a trend — it is a joyful way to connect with the water, express creativity, and feel empowered,” Restelli explained. “I enjoy watching guests discover confidence, freedom, and a sense of fun in the ocean. It is as much about transformation as it is about adventure.”
As part of Finolhu’s extensive marine offerings, the PADI Mermaid programmes provide an engaging complement to the resort’s diving and snorkelling activities. Participants may learn to glide gracefully underwater in a mermaid tail, capture striking images during professional photo sessions, or pursue advanced training that strengthens skills and deepens their connection with the ocean.
By hosting the Maldives’ only PADI Mermaid Instructor Development Course, Finolhu reinforces its reputation as a pioneering destination for distinctive and life-enriching marine experiences.
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