Pandemic batters market for Brazilian football transfers

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Brazil exports more footballers than any other country, but the coronavirus pandemic has caused a plunge in international transfers, hitting the ...

Games in Brazil have been played behind closed doors due to the coronavirus pandemic AFP/Mauro PIMENTELSAO PAULO: Brazil exports more footballers than any other country, but the coronavirus pandemic has caused a plunge in international transfers, hitting the finances of clubs that depend on lucrative deals for their young talent.

But the number of transfers is not the only thing that has fallen. Amid the financial uncertainty unleashed by Covid-19, the amount of money involved in the deals has also dropped. "Clubs' financial fragility has increased because of the pandemic," said Rodrigo Capelo, a sports business journalist at Brazilian media house Globo.

That means the take-home value has increased for Brazilian clubs, at a time when they are struggling to make ends meet with other revenue streams.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singaporean taps captive market selling ant farms amid Covid-19 pandemicSINGAPORE (REUTERS) - For many they are simply a pest, but for Singaporean entrepreneur John Ye his personal interest in the humble ant prompted him to launch a business selling insects that he believes have a lot to offer us.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Singaporean taps captive market selling ant farms amid pandemicFor many they are simply a pest, but for Singaporean entrepreneur John Ye his personal interest in the humble ant prompted him to launch a business selling insects that he believes have a lot to offer us. Ye's business has drawn ant-lovers and curious onlookers alike.
Source: YahooSG - 🏆 3. / 71 Read more »