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The pandemic could cost up to $ 14 billion according to FIFA

ByRoborto Sykes

Sep 16, 2020

Andrea Agnelli, the president of Juventus and the European Club Association, announced last week that the coronavirus pandemic was worth 4 billion euros for European clubs alone over the 2019-20 and 2020-21 seasons . This Wednesday, during a press point, Olli Rehn, who is responsible for FIFA to assess the consequences of Covid-19, did not bring good news about world football. Several factors can explain the heavy losses generated such as disrupted schedules, loss of television rights following the suspension or termination of competitions as well as the absence of ticketing. The Finn explained on Wednesday morning that the bill could rise to $ 14 billion, specifying that this amount “covered the entire economy of world football” for the 211 member associations of FIFA, which includes training and youth teams. If Rehn did not expand in the explanations, he specified that the South American football “had suffered rather heavily” even if “in absolute terms” it is Europe which concentrates the most losses.

Allow the Federations to overcome this crisis

According to the Finn, “more than 150 member associations” have already requested the FIFA aid plan, which amounts to 1.5 billion dollars, between grants and loans. The one who is also governor of the Central Bank of Finland clarified that the aid was “not limited in time” to allow the Federations to “overcome this crisis” in the long term. Olli Rehn, finally, indicated that the other member countries could “request funds later. “

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