Lincoln City Football Club has missed out on over £1.5 million in matchday revenue as a result of COVID-19, a new analysis shows.
Business Rescue Expert looked at the potential revenue lost by football teams due to coronavirus lockdown. It found the absence of supporters in stadiums has had big detrimental impact on football teams, particularly Lincoln City.
Of all the teams from League One, the Imps rank 5th in the amount of money they have lost, totalling an estimate of £1,509,648.
Despite the large loss, it is considerably lower than the likes of Portsmouth, Ipswich and Sunderland, who have missed out on more than double what the Imps have.
These figures look at the average attendance of football clubs, as well as the price of tickets, programmes, food and drink.
It takes the average of five home games that clubs across the English football pyramid had left and collates all this data for an estimated figure of losses.
Lincoln City’s first season back in League One finished prematurely after a vote to end it, meaning they only played 35 games out of a possible 46.
The club finished 16th in the table on points per game, but next season will see plenty of change due to the financial implications of COVID-19.
Numerous first team players were released by the Imps, with coronavirus being a key factor in the club’s decision.
Four new signings have arrived at Sincil Bank already, with more expected in the coming weeks.