European Club Association ups estimate of Covid-19's financial impact as crisis deepens
4 November 2020
Having earlier predicted losses of €4 billion, the European Club Association now expects the impact to be "well over" €6 billion on bottom line profits across all clubs.
Increased professionalisation and sustainable development is "paramount" for the future of football amid rising Covid-19 cases in Europe.
Clubs in Europe's top divisions face an impact of "well over" €6 billion on bottom line profits due to the coronavirus pandemic, according to the European Club Association (ECA), amid rising Covid-19 cases which have sent countries including France, Germany and the UK into second nationwide lockdowns
The estimate, described in the organisation's just released annual report, comes after the ECA earlier this year said it expected the pandemic to have an impact of €4 billion in revenue excluding transfers across the 2019/20 and 2020/21 seasons.
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