Liverpool hit by financial blow as Reds face biggest coronavirus bill
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Liverpool will have to pay back more money to broadcasters than any other side in the Premier League in a huge financial blow to the club.
Last season’s champions are being hit with a bill predicted to be in the region of £17.3 million following the suspension of the 2019/20 campaign due to coronavirus.
All top-flight clubs are due to contribute to the £330m set to be repaid but those at the top end of the table have been hit hardest.
After romping to the title, Liverpool were in line to receive a major windfall of £161.1m from television money but that will now drop to around£143.8m.
Man City have also been hit in the pocket with the second-highest bill on the list, costing them £16.8m of their projected £156.7m total.
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As reports The Telegraph, the average sum to be paid back by clubs is around 10.7 per cent, but the likes of Norwich – who finished bottom – will have to pay less than 7.5 per cent.
Naturally the sides at the bottom have a smaller total of broadcast revenue as they appeared on television less than those competing at the top.
It’s not all favourable to the teams in the bottom three though as the Covid-19 pandemic has also impacted their parachute payments.
The Premier League have reduced the pot by £2.6m this season which helps relegated Norwich, Bournemouth and Watford adapt to life back in the second tier.
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That figure is reduced by a further £400k next season before returning to £2.6m the following year.
Even the sides coming up from The Championship are not excluded from the repayments as Leeds, West Brom and Fulham will each have to reimburse broadcasters with £8.4m, while teams promoted in future will also have to give money back.
Both Arsenal and Chelsea will also have to pay back more cash than some teams above them due to each receiving a bigger share of the initial revenue.
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