Championship clubs hit by the financial impact of coronavirus with some sides already £5MILLION worse off than they would have been if the outbreak had not happened
- The sesaon has been suspended until at least April 30 due to the pandemic
- Clubs are missing out on gate receipts and other matchday-related income
- The EFL came up with a £50m relief package to try and ease the cash crisis
- Birmingham and Leeds have also agreed wage deferrals with their players
- Coronavirus symptoms: what are they and should you see a doctor?
Championship clubs have been left quickly counting the cost of football’s shutdown with some sides already more than £5m down.
Just over two weeks have passed since all action was suspended in England, firstly until April 3 and then for a further four weeks until April 30.
It is widely expected that date will be pushed back again leaving a number of clubs fearing how bleak their financial situations may become before matches with supporters and a major source of their income returns.
Birmingham and Leeds have agreed wage deferrals with their players due to coronavirus
The EFL came up with a £50m relief package to try and ease the cash crisis across their three divisions in the short-term.
Birmingham and Leeds have also agreed wage deferrals with their players to further help soften the blow.
They are unlikely to be the last with second tier clubs already well into the millions in terms of money they have missed out on during this recent period of inactivity compared to previous campaigns.
While they are still paying out, significantly on wages at clubs where reductions have not yet been agreed, missing out on gate receipts and other matchday-related income have been big contributing factors to the income drop that has hit many clubs.
The EFL came up with a £50m relief package to try and ease the cash crisis for clubs
Another major problem has been a slowdown in the uptake of season ticket sales for the 2020/21 campaign.
The coronavirus pandemic and suspension of football has coincided with the period when clubs usually make a concerted push to encourage supporters to secure their seats for the following season.
Some fans, though, have held off doing so with this season still unresolved, their club’s fate beyond it unclear and the structure of next season also uncertain.
As a result many teams have been forced to announce extensions to their deadlines for either renewal or cheaper season tickets to take football’s pause into account.
Source: Read Full Article