Covid-blighted PSV Eindhoven register €23m loss topped off by a 5-0 defeat at Ajax

October 25 – Blaming the coronavirus pandemic, PSV Eindhoven has registered a loss of €23.2 million for the 2020-21 season. 

The Dutch club’s revenues dropped by €25 million because of a lack of match-day revenues. Support measures from the Dutch government ensured that the revenue drop remained limited. The club pointed at income from European club competition as another mitigating factor.

The in- and outgoing player transfers resulted in a net trade deficit of €21 million. However, the transfers of Donyell Malen, Denzel Dumfries, Pablo Rosario, Mohamed Ihattaren and Joël Piroe have not been included in the finanical year. For the current season, PSV expects to return to profit.

Earlier in October, Ajax Amsterdam announced an €8.1 million loss for the 2020/21 season, also attributing the deficit to the Covid-19 pandemic.

At the weekend, the two clubs met in the Dutch top flight. The balance of power firmly remains in Amsterdam’s favor with a simple 5-0 victory. Steven Berghuis, Sebastien Haller, Antony, Davy Klaassen and Dusan Tadic all got on the score sheet to complete the hammering.

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