The economic crisis of the pandemic virus begins to bite in European football

Soccer

Europe can be the financial power of world football, but the economic impact of the pandemic coronavirus already starting to hit, and the consequences could be disastrous for clubs across the continent.

when players of Bayern Munich, one of the richest clubs in the world, have agreed to take pay cuts, it is difficult to imagine the trouble in store for the sport as a whole.

Many clubs lack sufficient cash reserves to get through a prolonged period without future income. For example, in Scotland, where clubs rely heavily on gate receipts, the situation is “clearly unsustainable”.

It is the view of Aberdeen President Dave Cormack, who forecasts faces 5 million pounds ($ 5.9 million) costs no money to venirdans in the coming months.

“No club, regardless of size, scale or the level of investment, can withstand a total absence of income over a period of anything between three to six months,” Cormack said.

Even the German league (DFL) – which runs the Bundesliga and has annual sales of over 4 billion euros – fears of a catastrophe

“If we do not play games behind closed doors like. as soon as possible, there is no point to ask whether we should have a league of 18 or 20 teams, “said DFL CEO Christian Seifert. “We do not even 20 clubs profesals more. ”

the tearing losses

It is almost two weeks since major leagues across europe stopped. Does not match no money from the average receipts door, and before long payments broadcasters can stop too.

the amounts are set to lose all watery.

in England, according to reports the Premier League deal with the loss of 762 million national broadcasting deals with Sky Sports books and BT Sport.

Analysis by accounting firm KPMG proposes to cancel the rest of the season cost the leagues’ Big Five “of England, Spain, Germany, Italy and France a total of more than 4 billion euros.

It is not hard to see forWhat leagues restart consider behind closed doors, at least the revenue guarantee broadcasters.

After all, the clubs must continue during the pandemic to pay salaries heavy players.

in France, several clubs including Marseille and Lyon, have put their players on unemploymen partiellest to save money. This means that clubs pay staff 70 percent of their salary. The state pays the rest, albeit limited to 4,850 euros per employee, down to the ocean for most football players.

In Germany, Borussia Mönchengladbach players were the first Bundesliga proposing pay cuts, followed by other Werder Bremen, Schalke and Borussia Dortmund.Bild reported that Bayern players accepted a 20 percent pay cut.

collapse of the system

the Spanish Football Federation has announced plans for 500 million euro package for the clubs in the top two divisions to receive loans of up to EUR 20 million “and pay five or six years,” according to the president Luis Rubiales.

Barcelona have the highest number of affairesdu football world according to the latest Deloitte Football Money League, but they are in talks to bring salary reductions for all players up to 70 percent.

The league plans to reduce player salaries inoverall by 20 percent if the season is not finished. Similar measures could be taken in Italy.

In England, some clubs require players to accept the postponement of salary payments.

On Wednesday the union Professional Footballers’ Association, said the crisis had a “serious impact”, adding: “To deal with this situation, we called for an emergency meeting both Prime League and EFL [English Football League]. ”

Everywhere the authorities are working to stop collapse the entire system. In Italy, the possibility of the imposition of paris companies to help subsidize clubs was considered, while in Germany, the rules on how the licenses are granted to clubs professionals could be relaxed.

The biggest uncertainty, however, surrounds when games could be played again.

If we find a way to end the season before the summer, then the damage will be limited. .

However, if the shutdown continues until August or later, the financial impact could mean the football landscape across the continent is changed forever

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