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FIFA SAYS COVID-19 PANDEMIC WILL COST FOOTBALL $14BN THIS YEAR

7 months ago | World Sports News | 0 comments

By Xai Reyes

Olli Rehn, chairman of FIFA’s coronavirus steering committee said 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.

“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.

“This will impact next year as well, there is a carry over,” Rehn said.

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