President of Italian Football Federation says losses from coronavirus already amount to €500 million
28 May 2020
Football in Italy directly generates a turnover of €4.7 billion annually.
Voiding the Serie A season is estimated to cost clubs a collective €650 million.
Italian football has already lost €500 million as a result of the coronavirus pandemic, according to the president of the country's Football Federation (FIGC), Gabriele Gravina.
"We have already lost 500 million euros. It is necessary to defend the 100,000 workers, 1.4 million members, €4.7 billion in turnover. Starting again means playing," he said, according to Riparte l'Italia.
"Football in Italy represents an extraordinary social and economic factor, an unequalled generator of enthusiasm."
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