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%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

(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.

 

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:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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...
Source: malaymail - 🏆 1. / 86 Read more »