A UEFA report said on Thursday that European football clubs are projected to lose 8.7 billion euros (US $ 10.6 billion) in revenue as they struggle to cope with the devastating financial decline from the coronovirus epidemic. The annual European Club Football Landscape study states that the current estimates of lost revenue in the 2019/2020 and 2020/2021 fiscal years are 7.2 billion euros for top tier clubs and 1.5 billion for lower tier organizations. In the preface, UEFA President Alexander Safferin said: “In last year’s report, I said that European football was strong, cohesive, resilient and ready for new challenges.” But no one could have predicted that we would have the greatest The challenge will be faced. Football, sports and society in modern times. “The National League and UEFA’s club competitions, the Champions League and the Europa League, have been played behind closed doors on a large scale since the epidemic in Europe in early 2020.” The report of European football’s governing body at every level and every corner of professional football stated, “Hard work has been done.” “Clubs with a heavy reliance on pro attendance have been particularly affected by the epidemic.” As a result of budget cuts, shifting spending by European clubs reduced in the summer window of last year, lower revenue streams have forced UEFA to temporarily ease the Financial Fair Play (FFP) rules, aimed at ensuring The thing to do is not to spend more than the clubs earn. See Howe, Seferin acknowledges that FFP may require more permanent changes. Manchester City last year overturned a two-season ban imposed by UEFA for violating FFP rules in the Court of Arbitration for Sport. In what could have been the first season of that ban, City have reached the Champions League final for the first time, where they will face Chelsea on 29 May. “This report clearly shows that we are now working in a new financial reality Are, and it is becoming clear that our current financial Fair Play rules need to be adapted and updated, ”said Seferin. Promoted “Financial stability will remain our goal, and UEFA and European football will work as a team to equip our game with new rules for a bright new future.” On a lighter note, the report analyzes thousands of matches to document a significant reduction in home wins, from 45 percent pre-Kovid to 42 percent post-Kovid and identifies other trends such as the away team’s yellow and Significant reduction in red card. Topics mentioned in this article.
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