There is no doubt that the 2020 calendar year will have had a huge impact on almost everybody in the world in regards to financial loss.
Many were made unemployed via various means, whilst many businesses simply struggled to stay afloat with the lack of income being earned. Football clubs across the world are exactly the same. Bettors will want to make sure they do not have huge losses themselves when they make a football prediction, but one great way they can avoid that is by looking at the form and the stats that are available to them before placing such a wager.
There have been some rather startling news stories over the last few months, as well as some moments of clear desperation from clubs around the world in regards to the lack of funding and financial resources that they have available to them, that the whole future of the game and the landscape that it provides looks set to be altered forever.
It is not just the smaller clubs, though, that have been hugely affected – although they are the ones that could be at serious risk – as some of Europe’s biggest clubs have reported huge earning losses.
AS Roma, according to a report by Off The Pitch, are just the latest to report significant losses as they posted the third-largest to have ever been recorded in the continent with a total of €204 million.
Clubs in Italy have been affected heavily over the years, though, with Inter Milan and AC Milan having both posted substantial losses over the years; I Rossoneri actually posted another huge loss this year as they recorded a total of €195 million for the 2019/20 period. This figure only adds to the previous losses, though, as it accumulates to a total of €467 million in losses after tax in the past three fiscal years.
Here are the 8 biggest losses in European football:
1. Manchester City (2010/11) – €227.4m
2. Inter Milan (2006/07) – €207m
3. AS Roma (2019/20) – €204m
4. AC Milan (2019/20) – €195m
5. Inter Milan (2008/09) – €154m
6. Inter Milan (2007/08) – €148m
7. Lille (2017/18) – €141.9m
8. Manchester City (2009/10) – €136m
LOSC Lille are on the list after suffering back-to-back annual losses and were forced to take a loan from an American hedge fund, Elliot, in order to raise the €140m they needed. This loan is expected to mature next year, though. The club have done rather well to raise money from the transfer market in recent years, with the likes of Nicolas Pepe and Victor Osimhen having raised £135m alone in the last two summer transfer windows (as per TransferMarkt).
