Bayern Munich were the only top European league champions to make profit in 2020-21

The only top league that had a team retain the title in 2020-21 was Germany.

The coronaviruses hit European football in 2020-21 and only the champion from the top eight leagues made a profit.

The finances of England, Spain, Germany, Italy, France, the Netherlands, Turkey and Portugal were analysed in the "European Champion Report" by the football Benchmark.

The only club to see an increase in income was Manchester City.

The highest income among the eight league winners was registered by City, with a total income of

The income of City was 96m euros higher than it was in the last pre-covid season, thanks to prize money from reaching the final of the European Championship and increased broadcasting revenue.

After tax, the 20-21 profit was 1.8m euros.

Inter Milan had a net loss of 248.6m euros in 20-21, the highest ever recorded by an Italian football club.

In 19-20 and 20-21, the net loss of the Spanish champion was 1.8m euros.

Although City's revenue increased, the club also spent more money on transfers and has one of the biggest wage bills in football.

The English champion has the highest squad market value in the world at 1,237 billion euros, with Manchester United and Chelsea the only other clubs above the billion euro mark.