News Formal

Transfer market could shrink up to 30%, says European club boss Agnelli

  • 📰 staronline
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

(Reuters) - European clubs are facing a cash crisis and the transfer market could shrink by 20%-30% because of the COVID-19 pandemic, the head of the association which represents them said on Tuesday.

Andrea Agnelli, chairman of the European Club Association , said clubs across the continent were losing revenue from broadcasters, gate receipts and sponsors due to measures to combat COVID-19.

"This is going to be a dramatic erosion for us which potentially will turn out to be a cash crisis for most clubs," Agnelli, the president of Serie A champions Juventus, told the ECA general assembly, which was held virtually. The pandemic brought football to a standstill between March and May and forced UEFA to reduce the number of matches in last season's European club competitions.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Tokyo stocks close higher after European markets rally | Malay MailTOKYO, Sept 8 — Tokyo stocks closed higher today as rallies in major European markets prompted investors to buy back following two days of declines. The benchmark Nikkei 225 index rose 0.80 per cent, or 184.18 points, to 23,274.13, while the broader Topix index gained 0.69 per cent, or 11.15...
Källa: malaymail - 🏆 1. / 86 Läs mer »