Jan 13, 2021
The big resources of PSG in the face of Covid-19 – Latest News, Breaking News, Top News Headlines
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The economic impact of the coronavirus has forced PSG to place hundreds of employees on short-time work, indicates France Bleu.
In what state will the clubs of League 1 at the end of the crisis? It is difficult to answer it, first of all, because we cannot predict with precision today the duration of the pandemic linked to the coronavirus.On the other hand, we know that no team of our Championship will not be spared, even the most financially powerful: the PSG.
Support from the Qatari state is not everything. According to information from France Bleu Paris, the club in the capital has placed more than 400 employees on short-time work, since January 4, 2021, out of a total of 700 in the PSG all services combined. The radio specifies that the sports sector is not affected by this status.
The 5th edition of our European #Champions Report published today reveals a decrease of operating revenues of all six European champions scrutinized in our report.
Read the full report to see the devastating impacts of the COVID-19 pandemic: https://t.co/wUvzdfLlFa#KPMGFBM pic.twitter.com/jraPbLcCTw
– KPMG Football Benchmark (@Football_BM) January 11, 2021
These measures had already been taken in March and November 2020 but they only concerned employees of ticketing, match organization, marketing and shops, recalls France Bleu Paris.
The Covid-19 crisis has already weakened PSG which, for the 2019-2020 financial year, has a deficit of 125.8 million euros, according to KPMG Football Benchmark, a firm specializing in the study of data finances of clubs and footballers.
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Tags: the coronavirus
European football faces £7.5BILLION losses due to Covid with transfer market devastated and 360 clubs needing saving
EUROPEAN football will pay a stunning £7.5BILLION price of the Covid crisis.
The staggering cost was projected by Juventus president Andrea Agnelli, also head of the influential European Club Association representing the 230 biggest teams in Europe.3European football is counting the cost of the coronavirus pandemic which could be £7.5billionCredit: Getty Images - Getty
Spanish giants Barcelona and Real Madrid now have a combined debt of more than £1.8bn.
Premier League clubs, meanwhile, have seen revenues slashed by hundreds of millions, with more to come.
Football financiers Deloitte suggested Europe’s biggest 20 clubs would lose £2bn over two seasons.
But Juve chief Agnelli warned: “I think it will be much worse than that.
“We will have a real understanding only at the end of this season.
"Two cycles have been fully impacted and 2021 will be a full season without fans in stadiums.
“Some international broadcasters have not paid their dues. I think this season will be much worse.
“The best scenario is a bottom line loss for the industry of between £5.75bn and £7.5bn for the two seasons combined.
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“There will be 360 clubs needing cash injections, either through debt or equity, for £5.3bn.
“And, of course, the transfer market impacted, worth £2.3bn less year on year.
“We are still navigating through very rough seas. I dare not think what is happening below the top divisions.”3Juventus president Andrea Agnelli made the grave warning that 360 clubs could need rescuingCredit: Rex Features Man Utd drop out of Deloitte Money League top three as 10 richest clubs revealed