A new Italian government decree could help mitigate the financial damage that the ongoing global Coronavirus pandemic has had on football in Italy according to a report in today’s print edition of Gazzetta dello Sport.
Italian football at all levels has been on hold for a number of weeks due to the virus and as a result clubs have experienced a significant cash shortfall.
Due to the shortfall, guidelines have been agreed between Lega Serie A and clubs regarding wage cuts which is another measure which has been put in place to try and mitigate the damage.
As per the report from the Milan based newspaper, the Italian government are set to introduce a liquidity decree which will see them provide loans to all companies in the country, including football clubs.
The loan, which will have to be repaid over a six year period, will not exceed 25% of a clubs turnover in 2019 or double their personnel costs.
