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The coronavirus pandemic has shown no club to be immune from the financial ramifications associated with it.

The worst healthcare crisis in a century has seen life grind to a near standstill and businesses in every sector faced with an uncertain future and a significant loss of income.

For football it has been no different with over €5bn in losses forecast from the top leagues in Europe while teams such as Real Madrid, Barcelona and Atletico Madrid have had to take the drastic measures of implementing wage cuts to try and stop the bleeding.

Accountancy firm KPMG published their European Champions Report for 2021 this week, taking a detailed look at the impact of coronavirus on the finances of league winners Liverpool, Bayern Munich, Porto, Paris Saint Germain, Real Madrid and Juventus.

While the Reds were one of the clubs yet to publish their financial accounts for the period up until the end of May 2020, KPMG obtained the details of the projected operating profit for each club through discussions with club management, with Liverpool set for a €47.6m (£42.1m) drop from a total of €557m (£502m).

Dave Powell has the full story here.
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