Southampton have reported a £76.1million loss in the Premier League club’s latest set of financial results which have been hit by the Covid-19 pandemic. Parent company St Mary’s Football Group Ltd announced a decrease in overall turnover down to £126.6million from the figure of £149.6m in 2019, with the net loss before tax up from £41m. Transfer business was also significantly impacted, with the summer window not opening until July 2020, which was after the latest financial year had ended. Southampton managing director Toby Steele said: “As with many companies and industries, the group is in the midst of a challenging financial environment due to the impact of the Covid-19 pandemic. “This is reflected in the financial results for 2019/20 and necessitated the group to restructure its debt facility during June 2020.

Source: Express January 12, 2021 19:30 UTC