Baku, June 11, AZERTAC Premier League and EFL clubs contributed £2.3bn to HMRC in taxes and generated a record £6.2bn in revenue in 2018/19, according to Deloitte, Sky Sports reported. The 29th Annual Football Review of Football Finance from Deloitte's Sports Business Group also showed Europe's top five leagues generated a record £15bn during the 2018/19 season, up nine per cent on the previous year.The European football market as a whole also generated record-breaking revenue, coming in at £25.5bn (€28.9 bn).But the report forecasts a sharp decline in Premier League clubs' revenues in 2019/20 due to the impact of the COVID-19 pandemic, with some of the forecasted revenue for the period permanently lost."We expect the ongoing COVID-19 pandemic to cause significant revenue reduction and operating losses across European football in the current season's financial results," said Deloitte's Dan Jones."Clubs are having to weather multiple financial impacts, including rebates or deferrals of commercial and broadcast incomes, as well as the loss of match day income and other event-related revenue."