Other Football Business News: Huge cuts at FA in anticipation of £300 million loss; Italy's sports minister says resumption of Serie A is not being talked about; Athletic Club launch TikTok account
4 May 2020
Huge cuts at FA in anticipation of £300 million loss
The FA has spelled out the financial crisis facing the governing body because of the coronavirus pandemic and told staff that budget cuts of at least £75 million will be necessary this year. In a letter to the FA Council, chairman Greg Clarke admitted that it was hard to see crowds returning to matches “any time soon” and revealed a worst-case scenario of a £300 million loss over four years.
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