Which of the three clubs relegated from the Premier League will take the hardest hit? Writing from his Zurich fastness, the Swiss Ramble has some authoritative answers. Looking at the last reported numbers from 2018/19, it would appear that Bournemouth have most to fear, because they had by far the largest operating loss (£30m) and highest wage bill (£111m). Watford's operating loss was only £6m, while I estimate small profit for Norwich City (pre-COVID). In 2018/19 Watford had the highest revenue of the relegated clubs with £148m, ahead of £136m for Norwich City (estimated, as played in the Championship that season) and £131m for Bournemouth . Revenue will be lower in 2019/20, due to smaller TV money (lower league place) and COVID-19 impact. Looking at recently relegated clubs, r evenue decrease following relegation ranged from £54m (WBA) to £63m (Sunderland), averaging £61m (50%) in 2017/18 and £56m (45%) in 2018/19. Given the higher revenue in 2019/20 Premier League (pre-COV...