Every sport around the world currently is in a pause mood due to COVID 19 situation. Almost every event has been canceled so far. The same thing goes for football. It is no different. As there is no game in the field, most of the football clubs are facing a financial crisis. In this situation, the price of the footballers will reduce. The value of the footballers in European League could reduce up to 10 billion euros amid COVID 19 pandemic. Famous audit firm KPMG confirmed this news.

The Value of The Footballers In European League Could Reduce Up To 10 Billion Euros Amid COVID 19 Pandemic

Additionally, the Covid-19 pandemic is wreaking havoc across the world. The influence of this deadly virus is heavy in every sector around the world. As a result, football is also suffering due to this. However, the top leagues like the Spanish league, English league, German league, Italian league, etc. are trying to finish the rest of the matches behind closed doors to honor the TV contracts.

On top of that, those leagues are trying very hard to minimize the financial hit. KPMG predicted that the top five leagues in Europe including the French league (who ended the season) could lose up to four billion euros amid COVID 19 pandemic.

On the other hand, apart from these top dogs, leagues in Belgium, Norway, Denmark, etc. will also face a deep crisis. These leagues are the main player in the transfer market. With little money to spend, values could fall by nearly 10 billion if there is no more football this season. This is such a terrible scenario for European football.

The Value of The Footballers In European League Could Reduce Up To 10 Billion Euros Amid COVID 19 Pandemic
Mbappe and Neymar still leading the transfer table.

Furthermore, these leagues could lose more than 6 billion euros if they complete their season behind closed doors.

Our recent analysis reveals that the aggregate value of all the 4,183 players in the 10 European leagues under consideration decreased by a total of almost 10 billion euros, a 26.5 percent drop since February for Scenario 1. Players’ values would decrease by 6.6 billion euros, a 17.7 percent decrease in Scenario 2.

KPMG’s latest Football Benchmark report.

Other reports on this topic:

  • COVID 19 could wipe 10 billion euros off football player values – Vanguard
  • Virus could wipe 10 billion euros off football player values says report – Timesnownews

In addition, PSG’s Kylian Mbappe and Neymar are still the most valuable players in the transfer market, according to the audit firm’s report. But, they notice that the number of players who worth more than 100 million euros will be lessened significantly. The lack of cash of the clubs could see swap deals in the market in the near future.