x

COVID-19 pandemic to cost football N5.4trn this year — FIFA

The COVID-19 pandemic is likely to cost club football 14 billion dollars (about N5.4 trillion) this year worldwide, a leading official at global football body FIFA said on Wednesday.

Olli Rehn, who heads the FIFA committee set up to tackle the effects of the pandemic, said the cost is around one third of its value.

He added that FIFA, along with financial consultants, had estimated the club game to be worth between 40 billion dollars and 45 billion dollars worldwide.

Rehn said the figure of 14 billion dollars was based on the current scenario, where football is slowly restarting after a three-month hiatus earlier this year.

But the FIFA official stated that it would be a “different ball game” if the pandemic did not let up.

“Football has been hit very hard by the coronavirus pandemic,” Rehn, a former EU commissioner and now governor of the Bank of Finland, said.

“It has created plenty of turmoil at different levels with some professional clubs facing very serious difficulties.

“I’m also very concerned about youth academies and lower division clubs.”

Rehn said that football in South America had been especially hard hit, while Africa and Asia were also a concern.

“It is a real danger that the good work that has been done developing football in Asia and Africa could be ruined. So, we want to soften the blow and maintain the development that has been done,” he said.

FIFA has allocated 1.5 billion dollars to help tackle the effects of the pandemic and Rehn said 150 of the 211 member-associations had so far applied for funds.

He said that, while football was slowly re-awakening, another downturn could not be ruled out.

“The critical thing will be whether a vaccine will be developed and can be used, and that we have medical and other means to fully contain and tame the pandemic, and that is uncertain,” Rehn said.

“We cannot rule out worse developments and that would be another ball game if the pandemic were to continue in a severe form next year. Now we are working on the basis of the current scenario.”

Hot this week

China, Nigeria Deepen Cultural Ties at Mid-Autumn Festival Celebration in Abuja

The Chinese Cultural Centre in Abuja on Thursday hosted...

Nigeria @ 65: Wike Assures Abuja Residents of First Class Infrastructure

By Joyce Remi-Babayeju As Nigeria marks 69 , the FCT...

Gov. Ododo committed to improving road networks in Kogi – Commissioner

By Noah Ocheni, Lokoja The Kogi state Commissioner for Works,...

Bandits Kill Businessman in Kogi, Kidnap Bus Passengers in Yagba

Ny Noah Ocheni, Lokoja Suspected bandits have killed a prominent...

Bandits Kill Businessman in Kogi, Kidnap Bus Passengers in Yagba

Ny Noah Ocheni, Lokoja Suspected bandits have killed a prominent...

Kogi Govt to Enforce Ban on Trailer Parks Over Security Concerns

By Noah Ocheni, Lokoja The Kogi State Government has announced...

Nigeria@65: Shendam Council Chairman Urges Youths to Embrace Technology, Innovation

By Israel Adamu, Jos The Chairman of Shendam Local Government...

U.S. Advocacy Groups Reject Tinubu’s IPOB–Boko Haram Comparison, Demand Kanu’s Release

By Achadu Gabriel, Kaduna Three U.S.-based human rights and self-determination...

FCT Minister, Flags-off Abuja Light Up Project

HE Nyesom Wike, the FCT Minister on Thursday, called...

NYCN Launches Tinubu CARES, Empowers Traders as Nigeria Marks 65th Independence

…Rolls out entrepreneurship fund to boost small businesses …..Distributes modern...

Related Articles

Popular Categories

spot_imgspot_img