Please Wait . . .

'Coronavirus pandemic could cost clubs €1bn' - Tebas confirms talks over May return for La Liga
Dark Mode
Top Leagues
07-Apr-2020, 08:04 pm

'Coronavirus pandemic could cost clubs €1bn' - Tebas confirms talks over May return for La Liga


Javier Tebas La Liga President

La Liga president Javier Tebas has predicted that clubs could miss out on EUR1 billion (?882m/$1.1bn) worth of revenue due to the coronavirus pandemic, while stating talks are being held over resuming the season as early as May 28.

Spain is currently in a state of emergency amid the ongoing battle to contain the spread of Covid-19, and football across all levels has been on hiatus for almost a month.

Government officials are due to lift lockdown measures on April 26, but no date has been set for sporting events to restart, with social distancing rules still likely to be enforced for at least a few more months.

La Liga clubs have been hit hard financially by the enforced break, with broadcasting deals and sponsorship agreements now up in the air and no form of matchday income to fall back on.

Atletico Madrid and Barcelona have both reached agreements with their respective squads to cut wages by 70 per cent and the remaining sides in the Spanish top-flight are expected to follow suit.

Even if the season does recommence next month, La Liga officials will still recommend a 15-day practice period before players get back out on the pitch, which means a significant loss of funds will continue for some time yet.

Tebas has now revealed exactly how much of a financial impact the coronavirus could end up having on La Liga, insisting EUR150 million (?132m/$164m) of damage has already been caused.

The 57-year-old said during an international media video call on Tuesday: "If we are looking at the economic impact, including the money we would get from European competitions, the revenue Spanish clubs would miss out on if we don't get back playing again is EUR1bn.

"If we do get playing but without spectators, it would be EUR300m (?264m/$328m).

"Even if we get back to playing with spectators, the damage this situation has already caused would be EUR150m."

Tebas went on to reveal that discussions over firm return dates for La Liga are ongoing, with it possible that supporters may have to wait until at least the end of June to see their teams play again.

He added: "Of all the different scenarios we have been looking at with UEFA to go back to competing, the most probable ones are 28 May, 6 June or 28 June.

"We can't say an exact date. This will be given to us by the authorities in Spain. But we still have time to get back to training before that."


Source : goal.com

Recommended News :

Betting

Luka Modric, Real Madrid, La Liga 2020-21

Sevilla vs Real Madrid Betting Tips: ...

Real Madrid travel to the Estadio Sanchez Pizjuan to face Sevilla in La Ligao...
Vardy Leicester 2020

Zorya vs Leicester City Betting Tips:...

Leicester City can confirm their place as Group G winners when they make the ...
Harry WInks Tottenham 2020-21

LASK vs Tottenham Betting Tips: Lates...

Premier League leaders Tottenhamare aiming to secure qualification to the Eur...
Pierre-Emerick Aubameyang Arsenal 2020-21

Arsenal vs Rapid Vienna Betting Tips:...

Arsenal will be looking to tie up first place in the group when they welcome ...
Marcus Rashford Bruno Fernandes Man Utd

Manchester United vs PSG Betting Tips...

Manchester United welcome Paris Saint-Germain to Old Trafford on Wednesday wi...

Transfer

Yunus Musah Valencia

Valencia sign USMNT teenager Musah to...

Valencia have announcedthey havelocked down teenage star Yunus Musah to a new...
David Alaba Bayern Munich 2020-21

'It's not an issue at the moment' - F...

Bayern Munichhead coach Hansi Flick has said that a new contract for defender...
Eduardo Camavinga Gareth Bale Jonathan Barnett

Real Madrid will have to deal with Ba...

Real Madrid will likely have to deal with Gareth Bale's agent Jonathan Barnet...
Lionel Messi Barcelona 2020-21 PSG

Messi to PSG? Al-Khelaifi responds to...

Neymar took a route-one approach to attracting the interest of Lionel Messi, ...
Radu Dragusin, Cristiano Ronaldo, Frank Lampard

Chelsea wanted Dragusin but playing w...

Recent Juventus debutant Radu Dragusin was being courted by Chelsea before th...
image-top-scroll
`