Coronavirus pandemic to cost football $14bn this year, says FIFA

FIFA has put the cost of the coronavirus pandemic on football around the world at $14bn in lost revenue.

That figure accounts for about a third of the game’s global economic value with the club and national game worth about $46bn worldwide.

The pandemic has already led to more than 150 football associations seeking financial help from the $1.5bn emergency relief fund set up by football’s governing body.

Olli Rehn, chairman of FIFA’s coronavirus steering committee, laid bare for the first time the true financial effect the coronavirus has had on the game through fixture list chaos, empty stadiums and loss of TV rights revenue.

“It’s a huge number and it covers the football economy in its entirety, including all youth academies,” Rehn, a Finnish politician and governor of the Bank of Finland, said on Wednesday.

“This will impact next year as well, there is a carry over,” Rehn, who is also independent deputy chairman of the FIFA Governance Committee, said.

 

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