German FA expects to lose up to €50 million due to coronavirus
24 March 2020
The figure is the "worst-case scenario," according to the FA's general secretary, Friedrich Curtius.
Employees have signalled a willingness to contribute, with some having already agreed to forego part of their salaries.
The German FA expects to incur losses of up to €50 million due to the coronavirus pandemic, according to its general secretary, Friedrich Curtius, but the organisation is not at risk of insolvency.
With football being suspended across Europe, clubs and organisations face having to adapt to a prolonged period of reduced income, or none at all, meaning long-term losses are to be expected.
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.