French and world sport has come to a standstill with the pandemic affecting the planet. Postponements and cancellations will have significant economic consequences for professional and amateur structures.
Last week, the various European football federations (the Italian federation being the first) all decided to suspend the various football competitions because of the coronavirus pandemic. If COVID-19 is a major health crisis, the economic consequences will be disastrous.
Clubs (professionals and amateurs) are sometimes forced to put employees out of work, this is the case for many clubs in France, even big clubs like Olympique de Marseille. The championships have just been interrupted, but will they resume? When will they resume? And under what conditions? At the moment, the clubs no longer receive important revenues as TV rights, ticketing… At the beginning of the week, football fans learned the logic information, the European Football Championship (#Euro2020), is postponed for a year. Moreover, this will even force UEFA to change certain rules such as Financial Fair Play. European football is going to be totally deregulated and this is unprecedented.
The whole economy of sport is suffering and will suffer because of COVID-19. The scheme is valid for all other sports as well. Will the Tokyo Olympic Games take place? If not, how much will Japan lose? One thing is certain, there is uncertainty…
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Charles 