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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
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Game on! Upcoming Meyyafushi unveils Maldives’ first overwater padel court

Get ready for a unique sporting experience in paradise! Meyyafushi Maldives, the highly anticipated new resort from the owners and operators of Fushifaru Maldives, has teased an extraordinary amenity on its social media channels: an overwater padel tennis court. Set to open in October 2025, Meyyafushi Maldives is already generating buzz, and this innovative addition is sure to elevate its appeal.
Building on the established success of Fushifaru Maldives, known for its intimate atmosphere and stunning natural beauty in Lhaviyani Atoll, Meyyafushi Maldives promises a similar commitment to exceptional hospitality and unforgettable experiences. While details about the new resort have been gradually unfolding, the recent reveal of the overwater padel tennis court marks a significant and exciting development.
Padel tennis, a popular racquet sport that combines elements of tennis, squash, and badminton, is gaining traction globally. However, Meyyafushi Maldives is taking the game to a whole new level – literally. Imagine the thrill of a friendly (or perhaps a fiercely competitive!) match with the breathtaking backdrop of the turquoise Maldivian waters stretching out beneath the court. The social media post showcasing the court hints at a truly exceptional spot to engage in some active fun with loved ones while soaking in the unparalleled scenery.

This pioneering amenity underscores Meyyafushi Maldives’ dedication to offering distinctive and memorable experiences for its guests. It signals a resort that is not only focused on relaxation and natural beauty but also on providing unique and engaging activities. The overwater padel tennis court is poised to become a signature feature, attracting sports enthusiasts and those seeking novel ways to enjoy their Maldivian getaway.
As Meyyafushi Maldives gears up for its October 2025 opening, the introduction of the first overwater padel tennis court in the Maldives adds another compelling reason to anticipate its arrival. This innovative amenity promises a memorable and picturesque sporting experience, further solidifying the resort’s position as a noteworthy addition to the Maldivian hospitality landscape.
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Ifuru Island Maldives takes part in Burunu Boma sport fishing tournament

Ifuru Island Maldives has announced its participation in the inaugural Burunu Boma Sport Fishing Tournament, taking place from 2 to 4 May 2025. Organized by the Visit Maldives Club (VMC), this premier event aims to position the Maldives as a leading destination for sustainable sport fishing.
As one of the select resorts competing in this prestigious tournament, Team Ifuru Maldives will showcase its commitment to marine conservation and responsible tourism. The competition emphasizes “catch and release” practices, aligning with global efforts to preserve marine biodiversity.
Participants will target species such as marlin, sailfish, mahi-mahi, yellowfin tuna, wahoo, swordfish, and bigeye tuna, with a grand prize of USD 25,000 awarded to the top-performing team. The event also features live entertainment and a festive atmosphere, celebrating the Maldives’ rich fishing heritage.
“We are thrilled to be part of Burunu Boma and to represent Ifuru Island Maldives in this landmark event,” said Marcel Sawyer, General Manager at Ifuru Island Maldives. “Our participation underscores our dedication to sustainable practices and our passion for the ocean that surrounds us.”
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Sirru Fen Fushi to host ‘One Ocean, One Breath’ with Freedive Maldives to mark World Oceans Day

Sirru Fen Fushi – Private Lagoon Resort, invites ocean lovers and adventure seekers to a purposeful World Oceans Day celebration in partnership with Freedive Maldives, Guinness World Record Holder for the Most People Performing Static Apnea held last October 2022.
Set against the breathtaking backdrop of one of the largest natural lagoons and house reefs in the Maldives, the event promises a deep connection to the ocean through expert-led PADI Freediving courses, ranging from basic to advanced levels. Participants will have the opportunity to earn their freediving certification, explore Sirru’s 9-kilometer-long house reef, and admire vibrant marine biodiversity, including manta ray cleaning stations, nurse shark points, flourishing coral gardens, and turtle habitats, home to 93 resident turtles and 11 successful hatchings this year alone.
“Our house reef, one of the longest and most vibrant in the Maldives, is a sanctuary for marine life and a symbol of our deep commitment to ocean conservation,” said Lukasz Prendke, General Manager of Sirru Fen Fushi. “We are honoured to collaborate with Freedive Maldives in celebrating World Oceans Day, not only to offer our guests an unforgettable underwater journey, but also to empower local talents and inspire our community to protect what lies beneath the surface.”
The initiative aligns with the resort’s ongoing sustainability commitments, including regular lagoon cleaning programs and support for local marine conservation efforts. This collaboration further emphasizes a shared mission to preserve the Maldives’ rich underwater heritage and engage the local community in meaningful environmental action.
In a broader commitment to sustainable tourism, Freedive Maldives has also signed a partnership agreement with the Baa Atoll Council to host another record-breaking freediving event in October 2025, coinciding with World Tourism Day, reinforcing Baa Atoll’s position as a leader in eco-conscious marine tourism.
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