European football lost 4 billion euros: 6 months of bankruptcy

A number of European leagues are running into financial deficits due to the Covid-19 epidemic. European football is not the only field got affected by the widespread fatal epidemic.

Football is not the only field that will suffer heavy damage from the epidemic.

The Covid-19 epidemic is affecting the whole world and European football is not the only field that will be badly damaged by the epidemic. The global economy in the next 3 months is forecast to be stagnant, and unfortunately, a number of businesses are also in danger of falling into debt, or even bankruptcy.

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Ligue 1 is in danger of seeing half of the teams relegated to the tournament due to bankruptcy in the middle of the season

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European football lost 4 billion euros: 6 months of bankruptcy
Ligue 1 is in danger of seeing half of the teams relegated to the tournament due to bankruptcy in the middle of the season

European football clubs are considered not to be out of that vortex, and the country most affected is expected to be France. Saint-Etienne Club’s Supervisory Board Chairman, Bernard Caiazzo, said that in the next 6 months if football activities do not continue, there will be a series of clubs in Ligue 1 and Ligue 2 must go bankrupt.

“I am worried about every club. Without the support of the Government within 6 months half of the professional clubs in France may no longer exist or have to transfer their owners, the second thing is unlikely to happen now, ”he said. Caiazzo said.

4 billion euros is not the final figure – European football

Currently, the top 5 European leagues have lost 4 billion euros after a delay in European football, of which Ligue 1 lost 600 million euros. The French league is considered the most difficult to live for clubs due to the high corporate tax rate in France, European football clubs or the sale of players to cover the cost of Paris Saint-Germain, with abundant resources from Qatar. , dominated Ligue 1 for the past decade.

The Bundesliga is also losing significantly on revenue
The Bundesliga is also losing significantly on revenue

Before the Covid-19 situation, the Lyon club decided to use subsidies from the Government fund to pay part of the salaries of the players, coaching staff and other staff in the club. However, the actual amount of “a part” that only about 6,000 euros/month per person, quite little compared to the salary of the players.

According to ESPN, clubs in five European leagues currently average an average of 250 million euros a month. For leagues that aren’t as big as Ligue 1 and the Bundesliga, they will have to hope to make a cut to finish the season before June 30, every hope of making money depends on the league and the national cup and European Leagues Cup no longer matters.

With  European football tournaments like the Premier League, Serie A and La Liga, these can be delayed after June 30 because most clubs have relatively stable revenues, especially the Premier League. However, some teams in La Liga and Serie A can not maintain this situation for a long time and if they go bankrupt, the tournament will be subject to big changes.
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