The 2020/2021 Premier League season will kick off on Saturday, September 12 in what is shaping up to be an exciting season as the league tries to fit in a full season despite a delay due to the COVID-19 pandemic. The pandemic also made many clubs face tough financial decisions as the economic repercussions of the virus began to take hold.
According to data presented by Safebettingsites.com, Manchester United are set to lose the most financially among the 20 premier league teams from the previous season, with an estimated loss of £116.4M.
Manchester United Estimated to Lose the Most in Premier League
The English Premier League is arguably the most followed football league in the world. The league and football as a whole have seen an influx of money come into the sport in the last thirty years and has become a very lucrative industry. However, due to the nature of sporting events being very conducive to the spread of COVID-19, spectator sports in its different forms are significantly affected by the pandemic.
To measure the financial effect of the pandemic on premier league teams, data from TV Revenue, Matchday Revenue, Commercial/Retail Revenue were considered. Manchester United are set to lose out the most from the pandemic with an estimated loss of £116.4M. Norwich, which is at the bottom of the list, is set to lose £19.5M.
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The Lagos Business School chapter of the Beta Gamma Sigma society has been bestowed the Highest Honours status for the 2019-2020 academic year. The Highest Honours status is the highest distinction possible for Beta Gamma Sigma chapters.
Nestlé today announced it will plant three million trees through Project RELeaf in Malaysia. Nestlé will invest CHF 4 million in the next three years. This announcement is part of Nestlé’s broader reforestation initiative. It will help accelerate the company’s global pledge to address climate change and achieve zero net greenhouse gas emissions by 2050.
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Netflix, an American technology and media services provider and production company headquartered in Los Gatos, California, founded in 1997 by Reed Hastings.
In the just concluded week, total debt figure released by the Debt Management Office (DMO) showed that Nigeria’s total public debt stock for the second quarter of 2020 increased by 8.31% to N31.01 trillion as at June 2020 (from N28.63 trillion as at March 2020).
Fitch Ratings’ new interactive country-by-country map of bank rating trends shows that the balance of Outlooks globally has turned sharply negative since the onset of the coronavirus pandemic. The proportion of bank ratings on Negative Outlook or Rating Watch Negative (RWN) shot up to over 60% at end-1H20 from 13% at end-2019. The proportion on RWN was 10%, the highest in recent years, reflecting near-term risks to many banks’ ratings. There were virtually no ratings on Positive Outlook or Rating Watch Positive.
The Debt Management Office on Wednesday, 9th September, announced that Nigeria’s public debt has risen to N31.01 trillion at the end of June.
Hyundai Motor Company is leading the digital transformation in the era of COVID-19 and beyond with the launch of ‘Channel Hyundai’, an interactive app for smart TVs featuring multimedia content and a digital interface for customers to experience the brand in a new way.
An agriculture development firm, Agro-Allied Resources and Processing Nigeria Limited has commenced the development of a 14,000-hectare oil palm plantation in Odighi Community, in Ovia North East Local Government Area of Edo State.
Nigerian genetics startup 54gene has partnered US firm Illumina to power the creation of a world-class genomics facility in Lagos.