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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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Coco Bodu Hithi celebrates Women’s Dive Day with marine conservation experience
In celebration of PADI Women’s Dive Day on 18 July 2026, Coco Bodu Hithi invites certified women divers to come together for a meaningful morning beneath the surface, combining marine conservation with the joy of exploring the ocean in one of the Maldives’ most vibrant natural environments.
Inspired by this year’s global theme, “Celebrate Community. Create Change.”, the resort’s Women of the Ocean Reef Clean-Up Dive encourages to connect through shared passion for the underwater world while making a positive impact on the environment. Designed exclusively for certified women divers, the guided reef clean-up dive offers the opportunity to explore Coco Bodu Hithi’s biodiverse house reef while helping remove debris and protect its delicate ecosystem.
At the heart of it all is Coco Dive, the resort’s PADI-certified dive centre, where guests can discover the beauty and wonders of the Maldives through safe, personalised and memorable underwater adventures. Whether taking their very first breath below the surface or exploring advanced dive sites, guests are guided by an experienced, multilingual team of instructors dedicated to creating unforgettable diving experiences.
Just minutes from the resort, divers can access almost 30 renowned dive sites, home to vibrant coral reefs and an abundance of marine life, including hawksbill turtles, white-tip and grey reef sharks, eagle rays, barracuda, Napoleon fish, schools of blue-striped snappers, batfish and fusiliers. Guests looking to begin their marine adventures can also start their certification before arrival through PADI eLearning, allowing them to spend more time exploring the ocean once they reach the Maldives.
“At Coco Bodu Hithi, we believe every dive is an opportunity to build a deeper connection with the ocean,” said Jinn Hui, Dive Base Leader for Coco Bodu Hithi. “PADI Women’s Dive Day celebrates the growing community of women in diving while reminding us that small actions, such as removing debris, can make a meaningful difference to the health of our reefs.”
The activity is available at the resort’s standard single-dive rate and includes a personalised certificate of participation and a complimentary dive video, allowing guests to take home lasting memories of a meaningful day beneath the surface.
Rooted in Coco Collection’s truly Maldivian heritage, Coco Bodu Hithi continues to bring guests closer to nature through experiences that inspire a deeper appreciation for the Maldives and its fragile marine habitat.
Located in North Malé Atoll, just 35 minutes by speedboat from Velana International Airport, Coco Bodu Hithi invites guests to unwind in spacious villas with up to 30% savings through the Discover Coco offer or enjoy exclusive benefits with the Local & Expat Exclusives package. Visit cococollection.com or contact reservations@cococollection.com for further enquiries.
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Banyan Tree Vabbinfaru and Dhawa Ihuru launch month-long marine conservation programme
This July, Banyan Tree Vabbinfaru and Dhawa Ihuru reaffirm their long-standing commitment to protecting the Maldives through a month of conservation initiatives that inspire guests to become active stewards of the ocean.
Plastic Free July: Protecting the Maldives’ Blue Heart
As per UNDP, each year, the Maldives generates more than 43,000 tonnes of plastic waste – equivalent to the weight of approximately 215 blue whales and nearly 120 tons per day. For a country whose future depends on healthy oceans, reducing plastic pollution is essential to protecting marine biodiversity, and preserving the natural beauty that defines the Maldives.
Throughout July, guests are invited to take part in weekly Sunset Island Beach Cleans and Reef Cleans with our Marine Lab, helping remove marine plastic trash while learning about the importance of protecting the fragile coastal and reef ecosystems. The programme also includes a collaboration with a local sustainable NGO, showcasing how discarded plastic can be transformed into artwork, jewellery, and other meaningful products through creativity and circular design.

Shark Awareness Day: Why Sharks Matter
On 14 July, the resorts will mark Shark Awareness Day in collaboration with Miyaru, the Maldives’ leading shark research and conservation NGO. While sharks are often portrayed as dangerous, they are in fact among the ocean’s most important guardians.
By naturally regulating fish populations, sharks help keep coral reef ecosystems healthy and balanced. Without them, the delicate food chain can be disrupted, affecting everything from reef fish and coral health to the countless marine species that depend on these habitats. Healthy shark populations are also a sign of a thriving ocean—one that supports local fisheries, protects biodiversity, and sustains the world-renowned diving and snorkelling experiences that make the Maldives so unique.
Through engaging talks with Miyaru’s marine experts, guests will discover fascinating facts about Maldivian sharks, understand the challenges they face, and learn how conservation efforts are helping protect these often misunderstood guardians of healthy oceans.

Mangrove Conservation Day: 26 July
As part of Plastic Free July, Banyan Tree Vabbinfaru and Dhawa Ihuru will also celebrate the International Conservation of the Mangrove Ecosystem on 26 July through a community mangrove planting and cleanup initiative with Huraa Council.
Mangroves are among the Maldives’ most valuable natural ecosystems, serving as nurseries for marine life, protecting coastlines from erosion, filtering pollutants, and strengthening resilience against climate change. Together with reef conservation and plastic reduction, the initiative reinforces the importance of protecting every part of the marine ecosystem—from the shoreline to the reef.

More than a month of activities, Plastic Free July reflects Banyan Tree Vabbinfaru and Dhawa Ihuru’s enduring commitment to preserving the Maldives’ rich marine heritage – bringing together guests, local communities, and conservation partners to protect the ocean through collective action.
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InterContinental Maldives elevates active luxury with new padel court
InterContinental Maldives Maamunagau Resort has unveiled its new padel court, adding a fresh dimension to island wellness and offering guests a dynamic new way to stay active in paradise.
Now with over 30 million players worldwide, padel is one of the fastest growing sports, offering a fun and inclusive activity for beginners and experts alike. The brand new court is framed by Maldivian palm trees and white sand, creating a striking backdrop for both leisurely matches and spirited competition.
Complimentary for all guests, the court includes the use of premium rackets and balls, allowing guests to discover a new skill in a tropical island setting. Families are invited to enjoy dedicated on-court sessions designed for all ages to create memorable, shared experiences. Benches line the court, creating a comfortable space for spectators to watch and support friends and family.
Located beside InterContinental Maldives’ fitness centre with its state-of-the-art gym, personal training programmes, and aerobic workout sessions, the new padel court aims to enhance the resort’s distinctive approach to luxury, wellbeing and curated guest experiences.
Overwater Pool Villa starting from $1,290++ per night with a variety of inclusions. The padel court is complimentary
for guests.
For more information, please visit www.maldives.intercontinental.com or email reservations.icmaldives@ihg.com.
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