Real Madrid set to lose €18 million as International Champions Cup stands cancelled

International Champions Cup, which was lined up to be played this year, has w been postponed to 2021. outbreak of deadly coronavirus disease is cause behind suspension of league. A statement was released by pre-season tournament officials declaring suspension of cup. However, postponement will put a huge ecomical burden on European teams like Real Madrid, even if it was seemingly t profitable for owners. 

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Real Madrid, Barcelona set to lose a big amount amid Coronavirus pandemic

In past few years, International Champions Cup has brought biggest teams in Europe, Asia and United States toger, but it will t be possible this year. Real Madrid are set to lose a huge amount of money as key event of this year's International Champions Cup was 'El Clasico', which was supposed to be played in Las Vegas. However, that event will t be happening this year. Real Madrid and Barcelona are expected to face a loss of over €18 million. 

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Coronavirus pandemic: Chief Executive's statement

Danny Sillman, chief executive of organizers Relevant Sports Group, said that COVID-19 pandemic, which has brought world to a standstill, has made it “unfeasible” to plan a tournament in 2020.

“ health and safety of players, staff, fans, and all who are involved in our matches is always paramount,” Sillman said in a statement. “ lack of clarity of when social distancing and shelter-in-place restrictions will be lifted and uncertain international football calendar with potential for European domestic leagues and UEFA tournaments being played into August means planning a Men's International Champions Cup this summer is unfeasible.

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International Champions Cup: Official statement as league gets suspended amid coronavirus pandemic

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