Published 21:06 IST, April 29th 2020
Coronavirus pandemic: How much money will European leagues lose if season is cancelled?
The coronavirus pandemic has massively impacted European football with the top five football leagues set to suffer heavy losses if the season is cancelled.
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coronavirus pandemic has h a massive impact on football with all football leagues and competitions currently suspended to contain spre of virus. suspension of football has cost European top 5 leagues heavily with many clubs asking players and staff to take a w cut. With TV revenues, gate receipts and sale of merchandise, it will be a long ro back for football clubs to get back to ir financial best.
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Coronavirus impact on football: Premier League clubs could lose $1.48 billion if season is cancelled
Premier League boasts of one of most lucrative TV deals and face prospect of returning a massive £762 million ($945 million) to Sky Sports and BT Sports if current season is cancelled due to coronavirus pandemic. sum owed will be due to breach in contract terms agreed for domestic and international television rights. To d to that misery, those estimated losses to be incurred by Premier League clubs is unlikely to be covered by insurance and is expected to make a major hole in ir pockets. Premier League clubs like Bournemouth, Sheffield United and rwich could struggle furr with a major chunk of ir revenue coming from existing TV rights deal.
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Coronavirus impact on football: LaLiga could lose $753 million due to Coronavirus pandemic
While LaLiga is some way off Premier League in terms of TV rights and revenues generated, ir losses suffered due to coronavirus pandemic are also staggering. LaLiga could lose up to $753 million if current season is cancelled according to a report by Forbes.com. total loss includes $608 million out of $97.5 million come from La Liga TV subscriptions and ar $45.9 million from gate reciipts. loss of revenues will have a huge impact of mid and bottom table LaLiga clubs and LaLiga President Javier Tebas h mitted in an interview that dams will be as such that it will take a few years to get back to current situation.
Coronavirus impact on football: Serie A stand to lose up to $770 million if current season is called off due to Coronavirus pandemic
Italy has been one of worst affected areas due to coronavirus pandemic. Serie A was first of top five leagues to suspend ir season after numbers contracted dely virus. According to a study by KPMG, Serie A could lose $487 million from TV revenues if current season is cancelled. Italian football clubs could lose commercial and sponsorship revenues contracts, which could amount to a furr $160 million loss. losses could render many clubs 'financially unstable', with many Serie A clubs reportedly set to ask Italian government for financial assistance if season is cancelled due to coronavirus pandemic.
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Coronavirus impact on football: Coronavirus pandemic to hit French Ligue 1, Bundesliga clubs financially
Bundesliga are closing in on a return to action but await permission from German government. Bundesliga could lose up to €770 million in TV, sponsorship and ticket money, according to a report by FAZ, if things go wrong and current season is called off. French Ligue 1, on or hand, could lose up to $216 million in TV revenue alone with season w cancelled. According to ESPN, teams in Ligue 1 and Ligue 2 are under very severe financial peril with government-aided partial unemployment and a freeze on employers' costs related to players' salaries is all that is keeping some of clubs afloat.
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21:06 IST, April 29th 2020