Covid-19 / Football: European clubs would lose more than 8 billion euros

The Union of European Football Associations (UEFA) has indicated that the Covid-19 pandemic is expected to cause European football clubs to lose more than 8 billion euros over two seasons.

In a new report, the European body specifies that over these two seasons, the cumulative shortfall in its 55 championships is estimated at 8.7 billion euros, including 7.2 billion euros for the 711 clubs the most important and 1.5 billion for the others.

The UEFA report, focused on the top 711 clubs, observes that behind closed doors has taken a heavy toll, ticketing revenues are expected to plummet from € 3.6 billion to € 4 billion in total over two years, and the vagueness remains on the return to full stages.

Commercial revenues are expected to decrease from 2.4 to 2.7 billion euros, while TV rights will be cut from 1.2 to 1.4 billion over these two seasons, with already downward renegotiations “of 700 million euros ”beyond 2021 for the broadcasters of UEFA and the five big leagues.

The shock is particularly violent in Ligue 1 because of the withdrawal of Mediapro, which explains the plunge “of about 30%” of the overall revenues of French clubs, the most affected in Europe with Scottish clubs.

UEFA has therefore launched a consultation with “federations, leagues, clubs, players, coaches and agents”, which should lead to a series of reforms to promote “the recovery” of European football and “strengthen” its redistribution mechanisms.

Integrating all the accounts already published, as well as the renegotiations of TV rights and a series of parameters, this 112-page study is by far the most precise on the economic impact of Covid-19 for professional football.

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Last fall, FIFA estimated that the pandemic risked wiping out “the entire football economy” by $ 14 billion.

The European Union of Clubs (ECA) had for its part estimated at 4 billion euros the shortfall for European clubs in 2019-20 and 2020-21, before its former president Andrea Agnelli mentioned in December a range from “6.5 to 8.5 billion euros”.

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