SM
Liverpool vs. Villa: 22 hrs 46 mins
Upcoming predictions and previews

ECA chief Andrea Agnelli: 'European clubs face a €575 rebate due to coronavirus pandemic'

:Headline: ECA chief Andrea Agnelli: 'European clubs face a €575 rebate due to coronavirus pandemic': ID:413457: from db_amp
The Italian set out the economic impact of the pandemic on the ECA's members.

European clubs will miss out on 575million euros because of rebates owed to Champions League and Europa League broadcasters related to the coronavirus pandemic, the chairman of the European Club Association Andrea Agnelli has said.

ECA boss Agnelli, who is also the chairman of Juventus, set out in stark terms the impact of the Covid-19 crisis on the European game as he opened the organisation’s general assembly.

The disruption caused to European club competitions has left rights holders seeking compensation from the continent’s governing body UEFA, Agnelli said.

“We have seen very important rebates to the principal broadcasters both at domestic level and at international level,” he said.

“We have seen a £330million rebate in the Premier League, we have seen a downturn in the Bundesliga domestic rights of about 200million euros (approx 181million) and we are in the process of finalising the account with UEFA with a reduction of around 575million euros (approx £520million) for the international club competitions, and that is all money that is not going to be distributed.

“We (European clubs) are looking at a revenue decrease of approximately 4billion euros (approx £3.6billion) in the next two years.”

Agnelli said the absence of supporters from stadiums due to social distancing measures has meant “the complete wipeout of an important source of revenue for everybody” and predicted a downturn in sponsorship revenue and a 20 to 30 per cent drop in the overall value of the transfer market.

Matches across Europe have had to take place behind closed doors (Nick Potts/PA)

He said talks over changes to the format of European club competitions have been stalled with the continent’s leading sides in “crisis management” mode.

The Italian has been one of the leading voices in calling for a revamp of continental competitions and how teams qualify for them from 2024 to give clubs greater certainty over revenue.

However, he accepts those discussions have had to be parked.

“When we met in Geneva last year following the extraordinary general assembly of Malta, that was meant to be the very first step of a long consultation process that should have led us to define what we actually wanted football to look like in 2024, which is the first year of the new international match calendar, and what kind of competitions we wanted,” he said.

“In my opinion, many of the aspects that were on the table in September 2019 are still valid, but I still think we are in the middle of crisis management, and that crisis management is not over yet.

“We will need to stall before we can properly address what we want to have in the future, we need to have a fairly consistent understanding of what the significance at the economic level (of the pandemic) has been for clubs.”

UEFA president Aleksander Ceferin has called for a united approach when discussions continue over the future format of continental club competitions (Niall Carson/PA)

UEFA president Aleksander Ceferin expressed his pride at how the European football community had worked to complete domestic and continental competitions, and highlighted the importance of a united approach as and when discussions over how things look from 2024 resume.

“The future is in our hands,” the Slovenian told club delegates.

“Our mutual trust and sound partnership will bring us soon to identify formulas to consolidate the incredible success story of the UEFA club competitions. If we are united, football will win.”

amp_article__413457 : Database Data restored...  : 
last updated article - 2020-09-08 12:22:04:
html db last update - 2020-09-08 12:22:04 :

ex - 7200 : read : read cache amp html

Coronavirus outbreak - Click here for more stories

Click here for more stories about Andrea Agnelli

Click here for more stories about Manchester United

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .