Virus could wipe 10 billion euros off football player values, says report - News Summed Up

Virus could wipe 10 billion euros off football player values, says report


Transfer spending is expected to fall dramatically, with clubs across the continent facing huge losses as a result of football's shutdown. KPMG estimates that Europe's top five leagues, including France, where the season has ended, could lose four billion euros ($4.3 billion) if the campaigns cannot be completed. With little money to spend, values could fall by nearly 10 billion if there is no more football this season -- the "worst-case" scenario. They could still plummet by 6.6 billion euros if leagues were completed behind closed doors. "Players' values would decrease by EUR 6.6 billion, a 17.7 percent decrease in Scenario 2."


Source: Dhaka Tribune May 06, 2020 11:03 UTC



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