European clubs’ head fears pandemic losses of up to $10BN

European football teams face losing up to $10 billion due to disruption caused by the coronavirus pandemic, according to the latest forecast of the umbrella organization for clubs on the continent. Supporters have been kept out of stadiums in Europe’s main leagues longer than anticipated as the second wave of COVID-19 cases has devastated the continent. “When I look at the best information I’ve had so far, we’re looking at a bottom-line loss for the industry in the region of €6.5 billion ($7.9 billion) to €8.5 billion ($10.3 billion) for the combined two years,” Agnelli said on a News Tank Football virtual event on Wednesday.

Source:: Yahoo News – Sports