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"
11 March 2020
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.
English clubs and governing bodies are still struggling to come to terms with the financial implications of a Coronavirus shutdown, as the epidemic claims its first postponement.
Arsenal’s Premier League match with Manchester City Wednesday has been postponed after players and officials came into contact 12 days ago with the Olympiacos and Nottingham Forest owner Evangelos Marinakis, who has fallen victim to the virus. Arsenal players and staff are self-isolating for the next 48 hours before undertaking tests.
Do you want to read this article?
Get instant access by signing up for a 7-day free trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.