French soccer is exhibiting document losses due to the well being disaster linked to Covid-19. – ALLILI MOURAD / SIPA
Ligue 1 golf equipment misplaced 605 million euros in turnover through the 2019-2020 season, interrupted in March by the Covid-19 pandemic, estimates a research by the EY agency commissioned by the Premier League golf equipment union . Extra broadly, the influence brought on by the coronavirus represents a lack of 1.27 billion euros for the skilled soccer sector, whose revenues are estimated at 6.48 billion euros over the past monetary yr, in opposition to the 7, 75 billion euros deliberate.
Ligue 1, whose final match was performed on March 8, is the one one of many major European leagues to not have resumed competitors. Through the interval of partial exercise, the golf equipment needed to bear 225 million euros in salaries, a considerable burden regardless of the reductions made by the gamers (72 million euros) and state assist (144 million euros). euros, excluding mortgage assured by the State).
The union is in search of options to compensate for the shortfall
The financial shocks linked to the pandemic will proceed into subsequent season, which resumes on the weekend of August 22-23, assures EY. The well being disaster linked to Covid-19 could lead on for the 2020-2021 fiscal yr to a lack of the whole turnover of the soccer sector between 8% and 11%, or a shortfall of between 659 and 951 million euros . It’s between 3,400 and eight,000 jobs that may be in danger, in keeping with the American cupboard. Premier League assesses the direct workers and oblique jobs that make up the sector at 34,500.
The union recommends a number of measures to “regain the competitiveness” of the sector, such because the extension of the exemption from employer contributions till December 2020 (value it estimates at 150 million euros) or the creation of a credit score. distinctive tax to encourage funding in sports activities sponsorship. The physique additionally evokes the concept of giving alcoholics the potential for sponsoring championships and golf equipment, and the event of authorizations for the sale of beer in stadiums.