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COVID-19 was particularly tough on French clubs, as Ligue 1 was the only major European league to cancel its season in response to the pandemic. Revenue of €1.6 bln was lowest of the “Big 5” in 2019/20, far below Premier League €5.1 bln, but also €469m behind Serie A €2.1 bln 
#Ligue1 post-tax loss more than doubled from €126m to €270m, as revenue fell €319m (17%) from €1.9 bln to €1.6 bln, while expenses rose €83m (3%), mainly due to €118m growth in player amortisation. Partly offset by €249m rise in exceptionals, including government loans.
Overall #Ligue1 has been consistently unprofitable, only making money once in the last 9 years (a €20m surplus in 2016). The last four seasons have been especially brutal with a €648m aggregate loss in this period, averaging €162m a year.
After the decision to end the French football season, I thought that it might be interesting to look at the financial position of clubs in Ligue 1. This analysis will highlight the financial dominance of Paris-Saint Germain, who have won 7 league titles in 8 years.
Overall #Ligue1 is unprofitable, losing a total of €126m in 2018/19, a small improvement on the previous season’s €159m deficit. There has only been one profitable season in the last 8 years, which was 2015/16 which achieved a small €20m surplus.
