Stoke City CEO: “You are not talking about a percentage reduction in their value… you are talking about a complete elimination”
PA Images | Stoke City Chief Executive Tony Scholes (left), Joint-Chairman John Coates (centre) and Joint-Chairman Peter Coates
Impact of Coronavirus wipes millions off value of Stoke players as European transfer market slumps, leading to difficulties doing deals.
Purse strings tightened as club spends prudently on players and looks to cut large squad and wage bill.
Tony Scholes says government decision to postpone return of fans will make it “ impossible for many clubs to survive”.
“We had some difficult conversations with those (Commercial partners) who were renewing. We are uncertain and they are uncertain because their own businesses are going through difficult times as well,” he says.
28 September 2020 - 1:41 PM
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