Football in a Global Health Crisis
The Corona virus pandemic has weakened all sectors of activity without exception. In the world of football, this fragility is glaringly obvious, dealing a severe blow to the economy of clubs. How has COVID19 affected football? Read that article to find out more about corona and football.
Football Was Almost Dead
Although football was resilient in the face of the corona virus, it received blows whose after-effects are indelible. From the permanent cessation of all competitions during the containment to the reopening of stadiums, players and club fans alike have had a rough time of it. The economy in the football sector has gone down.
No more! No more people at the stadium. This is the first direct consequence generated by the COVIV19 virus. The stadiums are closed and football has come to a standstill. The players and managers are all confined to their homes. This global decision was taken in order to avoid football-related crowds. Reports in international newspapers claim that some players have been infected with the virus.
The Decline in the Economy of the Clubs
All clubs without exception have experienced a sharp drop in revenue due to the pandemic. This has resulted in the clubs not being active, but continuing to bear operating and salary costs.
The fall in the market value of players
The fall in the market value of players is one of the consequences that has most weakened clubs. Many clubs have invested money to buy players, but these have seen their prices fall drastically with the advent of the pandemic.
The recent ranking by auditing firm KPMG illustrated the situation. Former Barcelona star Neymar, bought for a hefty price by PSG in 2017, has seen his market value drop from €222m to €115m. The same is true for big players like Eden Hazard, Paul Pogba, etc.
After the periods of confinement, the sport has tentatively resumed. Even if the matches have resumed, it is without the presence of the fans and admirers in the stands.