FIGC Want Fund Created To Mitigate Financial Damage Caused By Coronavirus Pandemic

FIGC Want Fund Created To Mitigate Financial Damage Caused By Coronavirus Pandemic
March 31, 2020 14:40
( )

The Italian football federation (FIGC) have launched the idea of a ‘save football’ fund amid the ongoing Coronavirus crisis according to a report in today’s print edition of Gazzetta dello Sport.

It has been estimated that Serie A could lose as much as €800 million in the worst case scenario which would be that the 2019/20 season does not resume due to the ongoing global pandemic.

Clubs and the league are understandably concerned about this potentially massive financial blow and for this reason the FIGC would like to try and mitigate financial damage through the creation of a fund.

Reigning Italian champions Juventus have already made cost-cutting measures in the shape of agreeing with their players for them to waive their salaries for the months of March, April, May and June. It is understood that these measures will save the Bianconeri some €90 million.

The report from the Milan based newspaper goes on to state that this fund is unlikely to be part of the Italian government’s initial ‘Cure Italy’ decree but it could be part of the second phase of the decree.

By Cammy Anderson
Close

Subscribe

to our newsletter