Coronavirus, ghost games and insurance pay out: "There's a general feeling from the clubs that I've been speaking to, that the insurance companies themselves don’t know"
PA Images | The Premier League match between Manchester City and Arsenal has been postponed due to coronavirus. The last large-scale cessation of football in England took place during the ‘Big Freeze’ of 1963 when one of the coldest winter spells in history started just before Christmas. January 1963 was the coldest month of the twentieth century and the big freeze continued until the end of February. Between 23 December and 2 February 1963, there were postponements in 369 of 477 games in England.
Big question marks over lost commercial revenues and insurance payouts.
Financial impacts will transcend matchday revenues. Lawyers working to calculate scale of losses to commercial revenues.
Clubs of all sizes trying to find out whether they would be able to pay their bills in the near future.
Championship losses likely to be a minimum of 4-5 per cent of turnover in event of shutdown.
11 March 2020 - 1:58 PM
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