• Wednesday, Sep 23, 2020
  • Last Update : 01:36 am

Fifa: Covid-19 to cost football $14bn this year

  • Published at 11:10 pm September 16th, 2020
Fifa

Fifa has allocated $1.5bn to help tackle the effects of the pandemic

The Covid-19 pandemic is likely to cost club football $14bn this year worldwide, around one third of its value, a leading official at global football body Fifa said Wednesday.

Olli Rehn, who heads the Fifa committee set up to tackle the effects of the pandemic, said Fifa, along with financial consultants, had estimated the club game to be worth between $40bn and $45bn worldwide.

He said the figure of $14bn was based on the current scenario, where football is slowly restarting after a three-month hiatus earlier this year, but it would be a "different ball game" if the pandemic did not let up.

Rehn said football in South America had been especially hard hit, while Africa and Asia were also a concern.

Fifa has allocated $1.5bn to help tackle the effects of the pandemic and Rehn said 150 of the 211 member associations had so far applied for funds.

He said, while football was slowly re-awakening, another downturn could not be ruled out.


53
52
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail