Coronavirus: the colossal losses suffered by the EFL

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It is no secret that the coronavirus pandemic has a strong impact on the football world, apart from the fact that the Championships have been shut down for many weeks, and its repercussions are and will be major in the future. On Tuesday, the president of the English Football League (EFL), including the English D2, D3 and D4, Rick Parry, announced that the League was heading towards “a cash hole in the order of 229 million euros in September” parliamentary committee, as reported by the Bbc.

The former Liverpool CEO believes that the presence of fans in the stands is paramount at all levels: “There’s a lot of uncertainty around next season, and it’s mostly about when will the fans be able to come back to the stadium, which is absolutely crucial for the EFL. We are much more dependent on the revenues (related to the box office) and the atmosphere generated by the fans than the Premier League can be.”. Before warning that the EFL will need ‘take a fresh start’ while the clubs ‘stack credits’ and that some (without counting them) may not survive this crisis.

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