Coronavirus crisis could cost Serie A over €700 million, says FIGC chief Gabriele Gravina

coronavirus pandemic has wreaked havoc on sporting events across globe and Serie A is expected to lose more than €700 million in revenue if plan to resume football fails. Italian Football Federation (FIGC) president Gabriele Gravina issued a grim update on  financial repercussions of coronavirus, with  Serie A currently suspended. While  FIGC will meet with Minister of Sports in Italy to discuss a potential Serie A return on June 13, re are likely to be severe financial consequences with an extended suspension.

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Coronavirus Italy: FIGC to meet with Sports Minister of Italy

FIGC President Gabriele Gravina spoke to Riparte l’Italia magazine to address Serie A return and revealed that coronavirus has already caused dam worth over €500 million. broadcasting, sponsorship and matchday revenue has failed to supply any income since coronavirus halted football in Italy over two months ago. However, Italian government is slowly planning to resume football to prevent a total collapse of sporting teams in country. Gravina highlighted that football in Italy revolves around 100,000 employees and generates substantial revenue for state.

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Gravina added that FIGC is in contact with Minister for Sport, Vincenzo Spadafora over a potential Serie A return from  June 13 onwards. However, health and ecomic ministers in Italy will also play a part in deciding wher football is safe to resume amid situation surrounding coronavirus in Italy. Failure to resume Serie A by June 13 could furr take total loss of revenue over €700 million. Although football must be played in a safe environment, Gravina insists that losses will continue to add up if re is a delay in Serie A restart. 

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Serie A return: Serie A training

Amid coronavirus lockdown, Serie A clubs have begun training for potential resumption of Italian top division for next month. Serie A leaders Juventus had talisman Cristia Ronaldo training a few days ago following his return to Turin from Madeira. Juventus are leading Serie A table on 63 points before coronavirus halted football in early March while Lazio remain just a solitary point behind Old Lady, with 12 matchdays remaining until end of campaign.

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