Monday, October 18, 2021 at 11:14• Yanick Vos • Last update: 11:24

PSV has realized a net loss for the first time in ten years, the club from Eindhoven reported on Monday morning. The current number two in the Eredivisie has published the annual figures and this shows the result in the 2020/21 financial year after tax is 23.2 million euros negative. “The impact of the corona pandemic has contributed to this result to a large extent,” PSV said.

PSV reports that the measures taken due to the pandemic have had a ‘huge impact’ from a financial point of view. Compared to a regular season, the decrease in turnover amounts to approximately 25 million euros. This is the result of the fact that there was no activity in the Philips Stadium for almost the entire season. “Large-scale events were canceled and matches were played exclusively without spectators. This had a negative impact on almost all PSV operations.”

The decrease in turnover is partly compensated by the government’s NOW and TVL scheme. The decline in turnover was further limited because many supporters did not reclaim season ticket fees and there was higher European income. The corona crisis also ensured that clubs spent less money on the transfer market and PSV feels that in the wallet. “PSV realized a net loss on compensation amounts of almost 21 million euros. PSV’s plans included a major transfer in the 2020/21 financial year.”

However, the sales of Sam Lammers, Jeroen Zoet and Jorrit Hendrix were insufficient to compensate for the depreciation costs and to realize the desired result in compensation sums. The transfers of Donyell Malen (Borussia Dortmund), Denzel Dumfries (Inter Milan), Pablo Rosario (OGC Nice), Mohamed Ihattaren (Juventus) and Joël Piroe (Swansea City) have all been completed after the close of the financial year and will only be included in the following financial year.

“The financial expectation for the 2021/22 season is that PSV will again realize a negative operating result as a result of the still present impact of the pandemic,” PSV reports. “However, the expected transfer result is so positive that a net profit will be realized for the 2021/22 season.”