COVID-19: potential transfer revenue loss for European soccer teams 2020
The COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons, throwing the very lucrative European soccer market into doubt. With some players' contracts running out at the end of season and no decision yet on whether the soccer season will even be played to a conclusion, huge question marks remain about player transfers and contracts. In the event that no further matches are played this season and no contracts are extended until the end of June, the English Premier League side Manchester City stands to lose 412 million euros of its players' transfer value.
