Premier League clubs' transfer values to drop by $16.6 billion amid coronavirus crisis

 outbreak of coronavirus in UK has forced Premier League suspension news. However, financial impact of coronavirus has reportedly damd Premier League transfer values for players and clubs in England. Premier League transfer values are expected to drop by £8.3 billion ($16.6 billion) after calculations were done by researchers at  CIES Football Observatory having included all clubs in top division.

FA confirms Premier League suspension: Premier League transfer values drop 

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Premier League suspension was confirmed by FA after Arsenal boss Mikel Arteta tested positive for coronavirus. latest Premier League update regarding Premier League suspension is that games will be played at least until April 30 but even that date of resumption seems unrealistic considering spread of coronavirus of late. However, Premier League transfer values for players will be slashed and top clubs including Manchester City and Liverpool are in line to face a substantial drop in ir transfer values if English top flight is cancelled and players' contracts aren't renewed after June.

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Premier League suspension: How are Premier League transfer values calculated?

With threat of coronavirus still looming large, rumour around Premier League suspension news is that season might get cancelled. In such a case, Premier League transfer values for players could drop significantly and parameters of calculating se values include players’ , contract duration, career path as well as recent performances. Manchester United ace midfielder Paul Pogba's contract with Red Devils expires next summer and World Cup-winning French midfielder's value has been cut in half to just £31.25million ($62.8m).

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Premier League suspension causes drop in value for clubs

Premier League update from research team at  CIES Football Observatory reported that Man City are expected to become biggest losers in Europe. With star names out of contract at end of season, £366m ($736m) could be wiped off market value from Pep Guardiola's side. Jurgen Klopp's Liverpool are next with a potential £314m ($631m) loss. likes of Manchester United (£260m or $523m), Chelsea (£223m or $448.5m), and Arsenal (£154m or $309.5m) are also expected to undergo heavy losses amid coronavirus in UK situation. total loss in transfer values with addition of all Premier League clubs included comes up to a staggering £8.3 billion ($16.6 billion). 

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