Corona loses ΰͺ² 12 billion to club football: FIFA
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Bern, 18
The Corona epidemic has cost club football around the world as much as 12 billion, according to FIFA, the world's top football governing body. The loss is about a third of club football's total revenue. Clubs have lost sponsors because of Cora. Some clubs have also resorted to massive layoffs, starting with cuts in player-employee salaries. Now that club and international football have begun, the economic situation does not seem to have improved much.
FIFA has set up a special committee to deal with the economic crisis caused by the epidemic. "We, along with some financial backers, have estimated that the value of global club football is between ΰͺ₯ΰ« 50 billion and ΰ«ͺΰ«« 8 billion," said Oli Rehn, head of the committee. At the present stage, the loss is estimated at ΰ«ͺ 12 billion. After three months of uncertainty, the football world has resumed, but the situation could get worse if the epidemic continues.
Rehn, a former EU commissioner and current governor of the Bank of Finland, says the Corona epidemic has caused many problems at various levels and many professional clubs. Anxiety about youth academies and lower division clubs haunts me.
South American football has been hit the hardest. While the condition of football in Asia and Africa is also worrying. FIFA has allocated 12 billion to help clubs and federations affected by the epidemic. FIFA has 211 member countries, of which 120 have demanded compensation for the economic losses caused by the Corona.
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