Coronavirus: Cancelling football season could cost Europe's top clubs €4 billion, says KPMG report

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PARIS (AFP) - Europe's top five football leagues could lose as much as €4 billion (S$4.33 billion) in combined revenue if the coronavirus pandemic completely wipes out the rest of the season, according to a study by KPMG.. Read more at straitstimes.com.

PARIS - Europe's top five football leagues could lose as much as €4 billion in combined revenue if the coronavirus pandemic completely wipes out the rest of the season, according to a study by KPMG.

KPMG estimates England's Premier League would lose the most, with as much as €1.25 billion going up in smoke should the season be halted - a potential €800 million of that in broadcasting revenue alone. The Premier League's broadcasting revenue losses would be the highest despite having fewer games left to play than every other league apart from the Bundesliga, which has the lowest number of teams at 18.

La Liga in Spain could lose as much as €600 million from broadcasters, the report said, while Serie A clubs stand to lose up to €450 million from a cancelled season.Leagues across the continent have been put on hold by the deadly spread of Covid-19, which has killed thousands around the world and whose epicentre is now Europe after originating in China.

 

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