Spain’s top football league Laliga has been suspended. A variety of sporting events have been postponed because of the worldwide Coronavirus fear. A few days ago Italy’s football league Serie A, Portugal’s Primeira Liga, the dutch Eredivise has been also suspended.
As the number of coronaviruses and deaths has increased in Spain over the past few days, It is expected that the suspension may extend to days, Even if the leagues current is no longer playing on the field and called off this season. La Liga will face huge financial losses.
There is no audience in the full stadium for fear of coronavirus
Spanish media reported Marca in a report listing the potential financial loss of La Liga. There, they said that if La Liga matches were not played this season, the loss would be around €700 million. In addition, a loss of 67.5 million euros will be added to the second-tier league Segunda division if the match is not played on the field.
According to La Liga authorities, 494 million euros of TV revenue, 78.1 million euros for pre-season ticket full season tickets, and 38.8 million euros for match day tickets (fixed match tickets) will be lost if the tournament is not launched. And in the Segunda Division match, the losses were 55 million euros, 9.9 million euros, and 2.6 million euros, respectively. La Liga completed 27 rounds of play and finished in the second division with 31 rounds. In all, 11 rounds are still left in both divisions.
In all, the crisis created by the coronavirus has caused football to fall unprecedented at a time. Many jobs and investments that depend on football have been destroyed. Barcelona-based economist Jose Maria Gay de Lebana said of the current situation, “You can get an idea of how fast the loss is happening – a loss of 6 million euros due to a matchless game with Napoli. FC Barcelona (according to Maria Josep Bartomeu), which was the entire club budget for the 1978-79 season. Now only 20 percent of their annual budget comes from the La Liga gate receipt sector. “
Football Club Barcelona Team
Spain has 0.214 million people engaged in various sports activities, which is 1.1 percent of the country’s total population. And Spain chose sports as a profession 34 thousand 529 people. Spain’s tourism sector also boosts the sports world. Thousands of people visit the country every year because of Barcelona and Real Madrid, one of the world’s two best football clubs. The 2018 calculation says 4.1 percent of the country’s tourism sector came from sports.
Initial estimates say Spain could lose at least 1,000 million euros of revenue due to the coronavirus epidemic. “Even though the figure may be bigger,” said Guy de Lebanon.
How much damage to any other sector: Many major sporting events will be threatened in the summer if the coronavirus lasts for three more months. Demand for cancellation of Euro 2020 Football Championship is underway, Moreover, this year’s Tokyo Olympic Games may be a year behind.
The Euro Championship draws 2.5 billion euros of revenue, along with revenue from the ticket sales and sponsorship sector. Meanwhile, Tokyo is expecting $ 3 billion in revenue from the Olympic Games-sponsored sector. Although Japan’s spending on organizing these games is well over $ 102.6 billion
Referees are crossing leisure time as there is no football game. On the right side, Mick gosef and Left side Hawier Moreno
Referees also unemployed: Tennis umpire Hawier Moreno said, ‘I have no job at the moment. I lost tournaments in Miami and Barcelona. I have to go to Madrid and Paris, but I don’t know if that will happen. ‘
Stadium Foodshop at a loss: “We will lose at least 12,000 euros per match,” said Alfredo Rodriguez, owner of El Brillante, a food store in the Wanda Metropolitan of Atletico Madrid stadium. The bars and other shops around the stadium in Spain remain focused on the game, and if they do not play, they will suffer huge losses.
Sponsorship Money Loss: in Spain, 400 million euros of revenue came from the Spanish sports sponsored sector in 2019. But now, without playing games, companies will not want to invest in this sector, as there is less opportunity for them to show ads.