COVID-19 pandemic to cost football $14 billion this year, says FIFA | Football News

BERN: The COVID-19 pandemic is prone to price membership soccer $14 billion this yr worldwide, round one third of its worth, a number one official at world soccer physique FIFA stated on Wednesday.
Olli Rehn, who heads the FIFA committee set as much as sort out the results of the pandemic, stated that FIFA, together with monetary consultants, had estimated the membership sport to be value between $40 billion and $45 billion worldwide.
He stated the determine of $14 billion was based mostly on the present state of affairs, the place soccer is slowly restarting after a three-month hiatus earlier this yr, however it will be a “totally different ball sport” if the pandemic didn’t let up.
“Soccer has been hit very onerous by the coronavirus pandemic,” Rehn, a former EU commissioner and now governor of the Financial institution of Finland, advised Reuters tv.
“It has created loads of turmoil at totally different ranges with some skilled golf equipment going through very severe difficulties. I am additionally very involved about youth academies and decrease division golf equipment.”
Rehn stated that soccer in South America had been particularly onerous hit, whereas Africa and Asia have been additionally a priority.
“It’s a actual hazard that the nice work that has been accomplished creating soccer in Asia and Africa might be ruined, so we need to soften the blow and keep the event that has been accomplished,” he stated.
FIFA has allotted $1.5 billion to assist sort out the results of the pandemic and Rehn stated 150 of the 211 member associations had up to now utilized for funds.
He stated that, whereas soccer was slowly re-awakening, one other downturn couldn’t be dominated out.
“The vital factor might be whether or not a vaccine might be developed and can be utilized, and that we now have medical and different means to totally include and tame the pandemic, and that’s unsure,” he stated.
“We can not rule out worse developments and that may be one other ball sport if the pandemic have been to proceed in a extreme kind subsequent yr. Now we’re engaged on the idea of the present state of affairs.”

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