FIFA estimates Covid-19 will cost global football $11 billion
FIFA on Wednesday put the cost of Covid-19 on football around the world at $11 billion in lost revenue.
Olli Rehn, chairman of FIFA’s coronavirus steering committee
It’s a huge number and it covers the football economy in its entirety, including all youth academies,” Rehn told the press in a conference
This will impact next year as well, there is a carry over.
“That is why this Covid-19 relief fund is not time-bound – they may request loans later on if they need to,”
Rehn, who is also independent deputy chairman of the FIFA Governance Committee, said.
He said that while Europe was hit hardest in terms of absolute cost, it was the associations outside Europe which “have suffered more”.