The Fiver: sign up and get our daily football email. Saints accounts for the year to 30 June 2020, covering three and a half months of the Covid-19 shutdown, recorded a 23m drop in turnover, and an overall loss of 76m. Covid-19 has exacerbated the financial pressures at football clubs, but the issue of unsustainability at certain clubs has built up over a number of years and will remain until action is taken, he said. Southampton have made clear they borrowed in anticipation of further losses because of the pandemic. Inevitably, such borrowing comes with costs, and senior people in football worry that more clubs will take on further high-interest borrowings as the pandemics financial impact continues to bite.
A number of clubs in Britain are taking on the interest of low-cost loans to help tackle the Covid-19 outbreak.
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A number of clubs in Britain are taking on the interest of low - cost loans to help tackle the Covid - 19 outbreak .
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