ANL 16.32 Increased By ▲ 0.17 (1.05%)
ASC 13.86 Decreased By ▼ -0.06 (-0.43%)
ASL 18.62 Decreased By ▼ -0.15 (-0.8%)
BOP 9.10 Increased By ▲ 0.35 (4%)
BYCO 7.45 Decreased By ▼ -0.09 (-1.19%)
FCCL 18.15 Increased By ▲ 0.36 (2.02%)
FFBL 23.50 Increased By ▲ 0.42 (1.82%)
FFL 15.40 Increased By ▲ 0.15 (0.98%)
FNEL 7.30 Increased By ▲ 0.05 (0.69%)
GGGL 16.81 Decreased By ▼ -0.09 (-0.53%)
GGL 28.36 Decreased By ▼ -0.84 (-2.88%)
HUMNL 6.50 Increased By ▲ 0.02 (0.31%)
JSCL 20.01 Decreased By ▼ -0.09 (-0.45%)
KAPCO 27.50 Decreased By ▼ -0.65 (-2.31%)
KEL 3.43 No Change ▼ 0.00 (0%)
MDTL 2.25 Increased By ▲ 0.01 (0.45%)
MLCF 35.50 Increased By ▲ 0.38 (1.08%)
NETSOL 106.97 Decreased By ▼ -1.98 (-1.82%)
PACE 4.33 Decreased By ▼ -0.02 (-0.46%)
PAEL 27.35 Decreased By ▼ -0.65 (-2.32%)
PIBTL 8.33 Decreased By ▼ -0.09 (-1.07%)
POWER 7.06 Increased By ▲ 0.06 (0.86%)
PRL 16.60 Decreased By ▼ -0.05 (-0.3%)
PTC 9.10 Decreased By ▼ -0.07 (-0.76%)
SILK 1.55 Increased By ▲ 0.07 (4.73%)
SNGP 41.49 Increased By ▲ 0.47 (1.15%)
TELE 17.44 Increased By ▲ 0.71 (4.24%)
TRG 131.50 Decreased By ▼ -2.60 (-1.94%)
UNITY 30.40 Increased By ▲ 0.55 (1.84%)
WTL 2.47 Decreased By ▼ -0.07 (-2.76%)
BR100 4,805 Increased By ▲ 88.48 (1.88%)
BR30 20,932 Increased By ▲ 91.99 (0.44%)
KSE100 46,152 Increased By ▲ 652.1 (1.43%)
KSE30 18,147 Increased By ▲ 322.88 (1.81%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,328
1624hr
Pakistan Cases
1,266,826
62224hr
1.4% positivity
Sindh
466,750
Punjab
438,433
Balochistan
33,149
Islamabad
106,571
KPK
177,132
Sports

UEFA projects 8 billion euros losses for top-flight clubs due to COVID-19

  • The Super League had argued it would increase revenue for the top clubs in Europe and allow them to distribute more money to the rest of the game.
21 May 2021

A report by European soccer's governing body UEFA said the continent's top-flight clubs are expected to suffer losses of more than 8 billion euros ($9.78 billion) due to the impact of the COVID-19 pandemic.

The report showed 4 billion euros were lost in gate receipts, 2.7 billion euros in sponsorship and 1.4 billion euros in broadcast revenue.

The losses led to a dip in the clubs' expenditure on transfer deals, with spending in the January window down 56% compared to last year. The 2020 summer transfer window saw a 39% decrease from 2019.

English clubs made up 43% of global transfers, with the Premier League being the biggest spender in the 2020-21 campaign at more than 1.8 billion euros.

UEFA said reforms to its financial fair play rules were necessary and that transfer fees and wages "must be reduced to acceptable levels".

The report also criticised the breakaway European Super League, saying a closed competition would have "devastating impacts on European football from a sporting, emotional and financial perspective".

The breakaway league set up by 12 clubs was announced last month but fell apart after 48 hours following a huge backlash from fans, governing bodies and politicians.

The Super League had argued it would increase revenue for the top clubs in Europe and allow them to distribute more money to the rest of the game.

"A breakaway league cannot be the response to the pandemic, the report added.

"Restoring financial health and growth requires a process of financial discipline, careful management and long-term planning.

"It is only by respecting the pyramid and the principle of promotion and relegation on sporting merit that European football will be able to continue to grow."

Comments

Comments are closed.