debundesliga1-9, Exercise 3: What the pandemic showed

Model answer:

With matches played in empty stadiums, clubs lost match-day income from tickets, food, drink and merchandise, while television money continued. Clubs that depended more on match-day income suffered most, and those with larger reserves or strong television and sponsorship income coped better.

It showed how dependent clubs are on a mixture of income, and that reliance on one source is a risk. It also renewed arguments about reserves, investment and the 50+1 model. Details should be checked.