European football clubs’ revenue declines by £3.4bn over pandemic

• Combined revenue falls to 22bn, according to Deloitte
• Bundesliga overtakes La Liga as second most lucrative league

The pandemic led to a rare decline in the financial firepower of European football during 2019-20, according to a report that charts how Covid-19 has affected the hierarchy of the continental game.

The combined revenue of European clubs declined by 3.4bn to 22bn, according to the Deloitte Annual Review of Finance, with even the Big Five" leagues - in England, Spain, German, France and Italy - feeling the pinch.