President of Italian Football Federation says losses from coronavirus already amount to €500 million

28 May 2020

Photo: PA Images The Serie A has previously targeted a return from suspension on 13th June. However, the Italian government has extended its ban on sporting events until 14th June, meaning the league will not be allowed to return on its previously targeted date. 

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.

Emil Gjerding Nielson

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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