Football clubs, broadcasters in England, Europe in disarray as pandemic disrupts matches
Losses huge if no more matches are played; big question is whether clubs or broadcasters will take financial hit
London
FOOTBALL clubs in England and across Europe, as well as broadcasters, are in disarray following the decision to postpone matches due to take place for the rest of the month, with no certainty that they can even resume at all in April should the Covid-19 pandemic escalate in the coming weeks.
The losses are substantial - hundreds of millions of euros, and possibly even billions - if no more matches are played, and the big question is whether the clubs or the broadcasters end up taking the financial hit, lawyers say.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue