This is the first time that Premier League clubs have cumulatively reported a year-on-year fall in revenue.

Under normal circumstances, clubs have a financial year-end that aligns with their domestic season. However, the disruption to the 2019/20 football season has resulted in club revenues for that season being spread across the two financial years ending in the summers of 2020 and 2021.

As a result, clubs have seen some of their revenue for the 2019/20 season being deferred into the 2020/21 financial year as matches were delayed from spring into summer of 2020, beyond their 2019/20 year-end and other revenue, primarily matchday revenue and broadcast rebates, permanently lost.