CoronaVirus: English Football Set For Shocking £10Billion Loss After Season SUSPENDED
English football could lose a shocking £10Billion in finances if the season is later cancelled after being suspended for now because of the coronavirus epidemic, MySportDab reports.
A new meeting is scheduled for Thursday and the Premier League will discuss the next steps to continue the current season.
And after the UK government placed a ban on all gatherings of large groups, it could get very bad for the season with Leaders Liverpool 25 points clear at the top of the table.
MySportDab understands that any chance of the current Premier League and EFL seasons being completed is extremely slim and it could mean a huge loss in finances.
The loss of TV rights funds, matchday revenue, European and Cup cash prize money could reach the £1bn mark.
However, club values have gone worse in the wake of the coronavirus crisis.
Manchester United had £613m wiped off their share price over the last three weeks with the volatility of the stock markets.
That is a shocking 25 per cent crash and if you factor in the similar issues with all clubs in the Premier League that loss could total £9bn.
Each day the crisis goes on, it will hurt English football with no end soon.
The Covid-19 virus is causing serious havoc and it could end in legal disputes with the likes of Leeds and West Brom likely to miss out on promotion to the Premier League.
TV Rights money alone would be £150m down the drain for both clubs if they were forced to stay in the Championship.
The breakdown of all loss facing football in the UK is truly staggering.
English Premier League: £100m
EFL Championship: £36m
English League One: £6.9m
English League Two: £3.6m
Total Matchday Revenue loss: £146.5m
FA Cup: £15m
UEFA Champions League: £64m
UEFA Europa League: £26m
Total Prize money loss: £105m
English Premier League: £750million
Total TV Rights loss: £780m
Premier League Club Value total loss: £9.25billion
TOTAL Potential Loss: £10.28billion
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